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Thursday, October 21, 2021

Fernhill Corp (OTCMKTS: FERN) Major Runner as Emerging Crypto Player Signs LOI to Acquire SaaS Based Algorithmic Crypto Mining Operating System Platform

Fernhill Corp (OTCMKTS: FERN) is making a powerful move up the charts in recent days on an all-out blue-sky breakout surpassing the $0.02 mark and averaging several million per day in dollar volume. The stock is getting noticed by some pretty heavy hitter penny stock players. FERN is quickly emerging as an investor favorite and is currently among the most actively searched and talked about stocks in small caps. FERB is looking to blaze a path along the likes of Enzolytics or Tesoro and break out into a whole new dimension – Tesoro went to multi dollars – currently FERN is on a blue-sky breakout!  

FERN took off in May after the Company reported it had upgraded its listing on OTCMarkets to Pink Current Status and hired senior technology M&A and corporate finance executive, Chris Kern, who has over 25 years of hands-on experience and facilitated over $750 million in transactions. FERN has an outstanding looking balance sheet with just $350k in total liabilities. The Company recently announced it is nearing completion of its due diligence on a targeted acquisition in the Cryptocurrency and Blockchain industry signing an LOI to acquire a SaaS based algorithmic crypto mining operating system platform for crypto mining pools and enthusiasts. 

Fernhill Corp (OTCMKTS: FERN) is a diversified technology holding company that has interests in and seeks to acquire, build and develop, businesses in mobile applications, blockchain/digital assets, SaaS, FinTech and alternative energy solutions, as well as other technologies that address the world’s leading environmental and social concerns. Fernhill supports and pursues ESG initiatives and is Signatory Member of the Crypto Climate Accord (CCA). 

FERN took off in May after the Company reported it had upgraded its listing on OTCMarkets to Pink Current Status and hired senior technology M&A and corporate finance executive, Chris Kern, who has over 25 years of hands-on experience and facilitated over $750 million in transactions. Coupled with the Companys focus areas, Chris has deep industry experience and expertise in the Fintech, SaaS, Crypto/Blockchain, Telecommunications and Internet media industries.  

In June the Company joined the Crypto Climate Accord (CCA); a private sector-led initiative to decarbonize the crypto and blockchain sector. The CCA brings together organizations that inform, develop, test and implement new solutions that accelerate Cryptos transition to renewable energy. The Accord provides and open space to address challenges, gather requirement, showcase solutions and promote best industry practices. The Company also reported it has increased the Companys authorized common shares from two billion to three billion, rather than do a reverse split. In addition, the Company has created a new Series B Preferred class of stock, principally designed for financing, acquisitions and debt restructuring. These actions will allow the proper capitalization to be available to continue to build the Company and increase its value. The Company also confirmed there is no reverse split coming. 

https://twitter.com/MoonMarket_/status/1415716276371079173

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FERN

After some time looking for the right acquisition candidate the Company recently announced it is nearing completion of its due diligence on a targeted acquisition in the Cryptocurrency and Blockchain industry, Fernhill Corp is pleased to announce the signing of a Letter of Intent (“LOI”) to acquire a SaaS based algorithmic crypto mining operating system platform for crypto mining pools and enthusiasts. 

The acquisition target provides its subscribers with optimized algorithms to improve crypto mining yields and operating efficiencies with a mining rig or mining pool. The self- service SaaS based platform provides an entire suite of commercial grade rig configuration, management and monitoring services with the ability to scale to supporting millions of mining rigs. The acquisition is scheduled to close no later than July 28, 2021 and is subject to completing due diligence and finalizing a definitive purchase agreement. 

This acquisition represents foundational technology that is highly scalable and leverages state of the art cloud, Docker and Amazon AWS infrastructure that provides a compelling rig management and optimization platform. We strongly believe this target has vast potential for growth in addition to a wide variety of add-on services and features that can be quickly deployed for crypto trading exchange access, decentralized compute services for a wide range of applications and provide an on-ramp to green mining pools, said Fernhill Strategic Advisor Chris Kern. Were also in discussion with several other acquisition targets and I could not be more excited about Fernhill and what our future holds. 

CEO Marc Lasky stated: “We are extremely excited about signing the LOI and anticipate the closing of the acquisition in short order. This acquisition is the perfect first step towards accomplishing both our short term and long-term goals. Plus, we love its functionality and growth potential and it has the ability to help us accomplish our mission with the Crypto Climate Accord (CCA) to help #MakeCryptoGreen soonerrather than later. 

https://twitter.com/Barneysurf1/status/1418595318183055370

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FERN is making a powerful move up the charts in recent days on an all-out blue-sky breakout surpassing the $0.02 mark and averaging several million per day in dollar volume. The stock is getting noticed by some pretty heavy hitter penny stock players. FERN is quickly emerging as an investor favorite and is currently among the most actively searched and talked about stocks in small caps. FERB is looking to blaze a path along the likes of Enzolytics or Tesoro and break out into a whole new dimension – Tesoro went to multi dollars – currently FERN is on a blue-sky breakout!   FERN took off in May after the Company reported it had upgraded its listing on OTCMarkets to Pink Current Status and hired senior technology M&A and corporate finance executive, Chris Kern, who has over 25 years of hands-on experience and facilitated over $750 million in transactions. FERN has an outstanding looking balance sheet with just $350k in total liabilities. The Company recently announced it is nearing completion of its due diligence on a targeted acquisition in the Cryptocurrency and Blockchain industry signing an LOI to acquire a SaaS based algorithmic crypto mining operating system platform for crypto mining pools and enthusiasts. We will be updating on FERN when more details emerge so make sure you are subscribed to Microcapdaily so you know what’s going on with FERN.

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Disclosure: we hold no position in FERN either long or short and we have not been compensated for this article

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