LAS VEGAS, NV / ACCESSWIRE / July 27, 2021 / Fernhill Corp. (OTC PINK:FERN) and its newly formed wholly owned subsidiary, Crypto Mining Corp, is pleased to announce 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.
"We are extremely excited about the acquisition of PerfectMine." said CEO Marc Lasky. "We believe it is the perfect first step toward accomplishing our goals. This simple but robust platform allows us to democratize and simplify crypto mining for everyone. Further, it sets the stage for Fernhill to become one of the leading providers of crypto mining tools and resources to help optimize and create green mining solutions for the masses. Acquiring Perfectmine helps Fernhill establish a foundation for making multiple larger acquisitions in the crypto space and moves us closer to our goal of uplisting to Nasdaq."
"The PerfectMine acquisition includes foundational technology that is commercial grade and ready to scale," said Fernhill Strategic Advisor Chris Kern. "Operating systems are at the core of every computing system and this platform has far reaching potential for consumer mining enthusiasts to enterprise level clients on a global scale. This acquisition puts us in position to be at the forefront of the mining rig optimization and management industry and we're highly confident that it can create significant value for the Company."
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).
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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.
SOURCE: Fernhill Corp.