FERN to Acquire Crypto Mining Operating System SaaS Platform
This could be big for us FERN shareholders with them scheduled to close on their acquisition of a SaaS based algorithmic crypto mining operating system platform for crypto mining pools that is scheduled to close no later than July 28, 2021.
Also key to note, this acquisition is going to give FERN the ability to scale to supporting millions of mining rigs.
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.
"We are extremely excited about signing the LOI and anticipate the closing of the acquisition in short order" said CEO Marc Lasky. "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) ( https://cryptoclimate.org/ )to help #MakeCryptoGreen sooner rather than later.
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.
About Fernhill:
Fernhill Corp 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).
For all official Fernhill corporate information, please refer to our filings, news and updates on the following resources:
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Company Website:FernhillCorp.com
Company Contact Information:Info@fernhillcorp.com
Any other links are not official & should be taken as such nor have anything to do with Fernhill Corp.
Forward-Looking Statements:This release includes "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934. Certain statements set forth in this press release constitute "forward-looking statements." Forward-looking statements include, without limitation, any statement that may predict, forecast, indicate, or imply future results, performance or achievements, and may contain the words "estimate", "project", "intend", "forecast", "anticipate", "plan", "planning", "expect", "believe", "will likely", "should", "could", "would", "may" or words or expressions of similar meaning. Such statements are not guaranteeing of future performance and are subject to risks and uncertainties that could cause the company's actual results and financial position to differ materially from those included within the forward-looking statements. Forward-looking statements involve risks and uncertainties, including those relating to the Company's ability to grow its business. Actual results may differ materially from the results predicted and reported results should not be considered as an indication of future performance. The potential risks and uncertainties include, among others, the Company's limited operating history, the limited financial resources, domestic or global economic conditions, competition, changes in technology and methods of marketing, delays in completing various engineering and manufacturing programs, changes in customer order patterns, changes in product mix, continued success in technological advances and delivering technological innovations, shortages in components, production delays due to performance quality issues with outsourced vendors, services or components, and various other factors beyond the Company's control.
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