Fernhill Announces Completion of a Power Supply Prototype for Crypto Mining

FOUNTAIN HILLS, Ariz., March 6, 2018 /PRNewswire/ -- Fernhill Corporation (OTC PINK: FERN) is pleased to report the development and buildout of its first crypto mining power supply energy saving unit the PSESU-5000. This master unit "coined" the "Pegasus-5000" is a (5000Wh Power Supply Electricity Saving Unit) that has been designed to supply up to 3KW of continuous AC power for multiple mining servers.

The Pegasus platform incorporates a user programmable automatic switchover between its internal lithium battery bank and the mains power supply to take full advantage of off-peak electricity pricing. The Pegasus master control unit can control up to 16 individual battery banks that can power up to 32 crypto mining servers simultaneously. This operation can save up to 30% on the cost of electricity by peak shaving while crypto mining. A peak shaving system that is targeted to crypto mining is a welcome addition to virtually any crypto miner or mining farms.

Peak shaving is accomplished in the unit by a user friendly programmable software that defines desirable off-peak times to charge onboard internal batteries. On board logic circuitry makes the final decision to charge the unit when the batteries are depleted and the software signal confirms that the peak shaving parameters are met. The Pegasus platform has the ability to switch power back and forth from battery to mains with continuous uninterrupted operations in a crypto mining process.

The Pegasus 5000 prototype is now in transit from our development engineers overseas to the base operations in Arizona for quality control. Over the next few weeks we will be meeting with our initial client to finalize design specs for commercialization and other potential applications.

CEO Adam Kovacevic stated "We have spent countless hours designing and building a self-regulating, peak shaving platform for the crypto mining community. We are pleased with the progress we have made over the last several weeks and will be unveiling our crypto mining system with peak shaving capabilities on the corporate website." Kovacevic adds "During this extensive research and buildout process we were able to identify several potential patents that we will be further examining over the next several months."

The next generation of the Pegasus platform will include a 5000X model. The 5000X design will incorporate all of the same features of the standard Pegasus-5000 and in addition will have the ability to charge via solar power. The high flexibility of this design enables the user to decide how much solar power they need according to power requirements, budget, and desired electricity savings.

About Fernhill Corporation

Incorporated in Nevada with operations in North America, Fernhill Corporation is currently focused on development, acquisitions and or partnerships in energy based sectored businesses. Fernhill Corporations core products are based in alternative powered products in the renewable energy and technology sectors. The Fernhill corporate asset base will be established by its current and future patent applications.

Safe Harbor Act: Forward-Looking Statements are included within the meaning of Section 27A of the Securities Act of 1933, and Section 21E of the Securities Exchange Act of 1934, as amended. All statements regarding our expected future financial position, results of operations, cash flows, financing plans, business strategy, products and services, competitive positions, growth opportunities, plans and objectives of management for future operations, including words such as "anticipate," "if," "believe," "plan," "estimate," "expect," "intend," "may," "could," "should," "will," and other similar expressions are forward-looking statements and involve risks, uncertainties and contingencies, many of which are beyond our control, which may cause actual results, performance, or achievements to differ materially from anticipated results, performance, or achievements. We are under no obligation to (and expressly disclaim any obligation to) update or alter our forward-looking statements, whether as a result of new information, future events or otherwise.

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SOURCE Fernhill Corporation