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Saturday, December 3, 2022

Fernhill Corp (OTCMKTS: FERN) Reversal Brewing as Crypto Operator Acquires MainBloq & Integrates it with Crypto Exchange FTX

Fernhill Corp (OTCMKTS: FERN) has made a wild ride up the charts in recent months running from triple zeroes to recent highs of $0.066 per share. 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. Since than FERN acquired PerfectMine, a fully operational turn-key platform that provides optimized operating systems for a wide variety of GPU and CPU mining rigs to improve efficiency as well as remotely monitor and manage them.  

The acquisition of PerfectMine was followed by the acquisition of MainBloq, a groundbreaking digital asset trading platform serving both banks and hedge funds. MainBloq’s software platform, API and services deliver automated algorithmic trading, smart order routing, and customized trading solutions that optimize digital asset trading operations with connectivity to over 30 of the top crypto exchanges globally. With the acquisition, FERN added three new members to the Company’s Board of Directors, Chris Kern, Peter Bordes, and Ryan Kuiken. Management states with this new acquisition they are confident in their abilities to become one of the leading ecosystems for digital asset mining and trading, and achieving many great things together, including up listing to Nasdaq. The Company has now integrated MainBloq with FTX; the number one ranking of all crypto exchanges in the U.S. for liquidity and the fourth-largest digital assets exchange in the U.S. in terms of volumes, with only Coinbase, Kraken, and Binance.US ahead. Investors are looking for a break over $0.066 for confirmation of the next leg up. 

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.   

On July 27 several days after our first report on the Company when the stock was in the $0.02 range FERN announced the Acquisition of PerfectMine, a fully operational turn-key platform that provides optimized operating systems for a wide variety of GPU and CPU mining rigs to improve efficiency as well as remotely monitor and manage them. 

PerfectMine.io, delivered as software as a service (“SaaS”), provides optimized mining operating systems and algorithms, supports multiple cryptocurrencies and tokens such as Ethereum, LiteCoin, Monero and RavenCoin, and has the unique capability to support Multi-Card functionality that can run both Nvidia and AMD GPUs simultaneously, which is not commonly found in the industry. PerfectMine includes robust monitoring and optimization tools to efficiently tune and manage crypto mining rigs to improve hashrate yield and operate at peak efficiency. 

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FERN

Earlier this year the Company and its newly formed wholly owned subsidiary, Crypto Mining Corp, launched a brand new, state of the art and user-friendly website for its Crypto Mining Operating System, PerfectMine. PerfectMine.io, delivered as software as a service (“SaaS”), provides optimized mining operating systems and algorithms, supports multiple cryptocurrencies and tokens such as Ethereum, LiteCoin, Monero and RavenCoin, and has the unique capability to support multi-Card functionality that can run both Nvidia and AMD GPUs simultaneously, which is not commonly found in the industry. PerfectMine’s platform simplifies, automates and optimizes crypto mining rigs to improve hashrate yield and increase operational efficiencies. The updated PerfectMine roadmap consists of three important feature rich services and new growth avenues that will be implemented over the coming months that will enable the platform to better serve the growing and high demand markets. This includes ASIC Mining, Green Mining Pools and Staking. 

Fern acquired MainBloq, a groundbreaking digital asset trading platform serving both banks and hedge funds. MainBloq’s software platform, API and services deliver automated algorithmic trading, smart order routing, and customized trading solutions that optimize digital asset trading operations with connectivity to over 30 of the top crypto exchanges globally. MainBloq’s platform bridges the gap for digital asset trading and provides institutional capabilities similar to more traditional fx, derivative, and equities trading platforms. With the MainBloq acquisition in place, Fernhill plans on developing a larger digital asset mining and trading ecosystem that combines the capabilities and resources to simplify, optimize and automate the ability for people and businesses globally to participate in the crypto industry. With the acquisition, FERN adeded three new members to the Company’s Board of Directors, Chris Kern, Peter Bordes, and Ryan Kuiken. Management states with this new acquisition they are confident in their abilities to become one of the leading ecosystems for digital asset mining and trading, and achieving many great things together, including up listing to Nasdaq. 

On November 29 FERN announced MainBloq is has been integrated with FTX; the fourth-largest digital assets exchange in the U.S. in terms of volumes, with only Coinbase, Kraken, and Binance.US ahead. There is, however, one crucial metric where FTX.US is already outperforming both Coinbase and Kraken: liquidity. According to Cryptowatch, FTX.US is currently holding the number one ranking of all crypto exchanges in the U.S. for liquidity, with the company stressing that it maintained this position since the start of the year. West Realm Shires Services Inc, the operator of FTX.US, announced the exchange’s trading results for Q3 2021, with a 512% increase in average daily trading volume (about $360 million) among the key metrics covered. The platform saw $768 million traded in the last 24 hours, according to CoinGecko, which is not far away from the peak value of $807 million recorded during a 24-hour period on September 7. Integrating with FTX is just another step along the road in the overall detailed plan by Fernhill Corp in creating its larger Digital Asset Ecosystem and becoming a one-stop-shop. 

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FERN continues to move northbound with power in recent trading quickly emerging as an investors favorite and major volume leader regularly topping $5 million in daily trading volume. Microcapdaily first reported on FERN back on July 23 when FERN was in the $0.02 range stating at the time: “FERN is getting noticed by some pretty heavy hitter penny stock players.  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. Since than FERN acquired PerfectMine, a fully operational turn-key platform that provides optimized operating systems for a wide variety of GPU and CPU mining rigs to improve efficiency as well as remotely monitor and manage them. The Company has also signed an LOI to acquire a groundbreaking digital asset crypto trading platform. One of the most compelling features of the target’s technology is that it is directly integrated with over 25 different leading crypto currency exchanges to provide the best execution price for any crypto trading pair, providing seamless liquidity on a global scale. In short, this platform bridges the gap between crypto currencies and the more traditional trading platforms. FERN is trading like a winner with strong new support at every new price level as it continues on a blue sky breakout. 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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