Terrahash, the environmentally driven clean-energy bitcoin mining enterprise, has rebranded to TerraHex Digital Assets Corp [“TerraHex”] as it advances energy agreements and strengthens board oversight across energy, finance, law and operations.
The move comes ahead of Bitcoin 2026 as TerraHex prepares for proof-of-concept deployment.
Founded in 2025 by OluMayowa Ogunnusi, TerraHex is a clean-energy High Performance Computing company building structurally low-cost compute infrastructure on stranded power in frontier energy markets.
Through Power-for-Equity joint ventures with energy partners, TerraHex deploys modular, rapidly scalable containerised capacity alongside underutilised gas-powered generation, turning wasted megawatts into shared cash flow across two complementary revenue streams: Bitcoin mining and right-sized AI compute for the workloads its architecture serves best, from enterprise inference and fine-tuning to large-scale batch training.
The new name reflects TerraHex’s operating model and wider infrastructure ambitions. In Bitcoin, every transaction hash, block hash and address is expressed in hexadecimal, and hexadecimal is equally the language of the computing systems on which modern AI is built. TerraHex replaces “hash” with “hex”, giving the business a name that fits both its Bitcoin roots and its AI compute future.
TerraHex’s commercial model is built around Power-for-Equity agreements. TerraHex contributes capital, equipment, and operational expertise; energy partners contribute stranded or underutilised power in exchange for equity in each site.
Bitcoin mining is the initial workload because it monetises power from the first megawatt, within a broader model built around converting underutilised power into productive digital infrastructure, including GPU processors to support AI compute.
As part of this approach, TerraHex has agreed heads of terms with Shoreline Power for an intended joint venture at Shoreline’s facilities in Afisiere, OML 30, Delta State, Nigeria.
The arrangement is intended to cover the deployment and operation of high-performance computing and digital infrastructure. The proposed arrangement provides Afisiere for the proof-of-concept node.
With the agreement, the secured power capacity for the proof-of-concept deployment ramps up to 18 MW, with scope to scale significantly upon successful completion of the initial deployment.
Olumayowa Ogunnusi, CEO of TerraHex, said:
“TerraHex reflects the direction the business is taking and the scale of what we are building. As digital infrastructure, energy, and bitcoin-linked compute become more closely linked, we are putting the right partnerships, structure and governance in place to build with a long-term view. Our focus now is on turning that foundation into disciplined deployment across the markets where we see the strongest potential.”
TerraHex operates through a three-tier structure comprising a Delaware parent company, a UAE holding company wholly owned by the Delaware parent, and operating SPVs majority-owned by the UAE holding entity, with power partners holding the balance at each site. Nigerian operations are managed through an operations and management vehicle, and Templars serves as legal and regulatory counsel for Nigerian operations.
Alongside the rebrand and commercial agreements, TerraHex has established a board and observer structure spanning energy, infrastructure, finance, law, digital assets and international commercial growth. The board includes Olumayowa Ogunnusi [Director, Oil and Gas Executive], Patrick J. Sweeney [Director and Data Centre Specialist], David Saab [Independent Director, former JP Morgan MD], Emily Chang [Director, Global Commercial Leader], Dayo Okusami [Director, Partner at TEMPLARS], Ali Safieddine [Director, Energy and Finance Executive] and Odunoluwa Longe [Director, Venture Law Attorney, TLP Advisory].
The board brings experience across oil and gas, fixed income, data centres, venture law, cross-border commercial growth and energy regulation. That reflects the realities of building digital infrastructure across frontier energy markets.
TerraHex is preparing for proof-of-concept deployment as it builds out its longer-term infrastructure plans. Ahead of Bitcoin 2026, TerraHex is focused on strengthening the commercial, legal, and governance foundations for the next stage.
Patrick J. Sweeney, board chair at TerraHex, said:
“In this sector, a lot comes down to the quality of the fundamentals. TerraHex is starting with clean power access and agile operating structure, which is exactly where the focus should be if the business is going to scale quickly to serve the market. The next step is to execute well at site level and build from there with discipline and integrity. I am pleased to be part of that journey.”
Toks Abimbola, director of Business Development, Shoreline said:
“This is the kind of opportunity that stands out because it brings together timing, infrastructure and a clear commercial model. TerraHex is approaching that opportunity with discipline, and we are pleased to support the next phase of the project.”
