Terrahash, a company focused on clean-energy Bitcoin mining and high-performance computing, has officially rebranded to TerraHex Digital Assets Corp (TerraHex). This strategic move comes as the company advances significant power agreements and strengthens its board with a diverse range of expertise spanning energy, finance, law, and operations. The rebrand, coupled with new partnerships, strategically positions TerraHex for its initial deployment in anticipation of Bitcoin 2026.

Founded in 2025 by Nigerian entrepreneur OluMayowa Ogunnusi, TerraHex is dedicated to establishing low-cost compute infrastructure. It achieves this by utilizing stranded or underutilized power resources prevalent in frontier energy markets. The company operates on an innovative Power-for-Equity model, where TerraHex contributes capital, essential equipment, and operational expertise. In return, its energy partners provide the power assets, receiving minority equity stakes in the site-specific joint ventures.

This distinct approach enables TerraHex to generate dual revenue streams. Firstly, it leverages Bitcoin mining, which begins to monetize power from the very first megawatt. Secondly, it handles right-sized AI compute workloads, encompassing enterprise inference, fine-tuning, and large-scale batch training. The company's deployment strategy involves modular, containerized high-performance computing systems, which are strategically deployed alongside gas-powered generation. This method effectively converts what would otherwise be wasted energy into productive digital infrastructure.

The change from “hash” to “hex” in the company name is deeply symbolic of its evolving ambitions. In the realm of Bitcoin, fundamental elements such as transaction hashes, block hashes, and addresses are represented using hexadecimal notation. This same foundational language underpins modern computing systems that power artificial intelligence. By adopting “hex,” the company consciously bridges its origins in Bitcoin mining with its expansive future in broader digital infrastructure and AI compute.

TerraHex has already reached heads of terms with Shoreline Power for a proposed joint venture. This collaboration will focus on facilities located in Afisiere, OML 30, Delta State, Nigeria. This arrangement is set to deploy and operate high-performance computing and digital infrastructure at the site, serving as TerraHex's crucial proof-of-concept node. This deal secures an initial deployment capacity of 18 MW, with considerable potential for scaling upon successful execution. Operations within Nigeria will be managed through a dedicated operations and management vehicle, with Templars serving as both legal and regulatory counsel.

Toks Abimbola, Director of Business Development at Shoreline, expressed enthusiasm for the collaboration, stating, “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.”

TerraHex's robust corporate structure is organized into three tiers: a Delaware-based parent company, a wholly owned UAE holding company, and majority-owned special purpose vehicles (SPVs) established at each site, where power partners hold minority equity. This structure is designed to facilitate seamless cross-border operations while simultaneously aligning incentives at the local level. To further enhance oversight and strategic direction, the company has established a comprehensive board and observer structure. This board brings together individuals with profound experience in energy, infrastructure, finance, law, digital assets, and international growth.

The distinguished board members include: OluMayowa Ogunnusi, Director and Oil & Gas Executive (CEO and Founder); Patrick J. Sweeney, Director and Data Centre Specialist (Board Chair); David Saab, Independent Director and former JP Morgan MD; Emily Chang, Director and Global Commercial Leader; Dayo Okusami, Director and Partner at TEMPLARS; Ali Safieddine, Director, Energy and Finance Executive; and Odunoluwa Longe, Director and Venture Law Attorney at TLP Advisory. This diverse range of expertise is crucial for navigating the inherent complexities of developing digital infrastructure in frontier markets, addressing challenges from energy regulation and fixed income to venture law and data center operations.

OluMayowa Ogunnusi, CEO of TerraHex, commented, “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.” Patrick J. Sweeney, Board Chair, added, “In this sector, a lot comes down to the quality of the fundamentals. TerraHex is starting with clean power access and an 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 the site level and build from there with discipline and integrity. I am pleased to be part of that journey.”

This strategic evolution aligns with the growing convergence of Bitcoin mining, AI compute, and energy infrastructure. By specifically targeting stranded power, particularly associated gas in oil-producing regions, TerraHex aims to deliver economically viable and environmentally conscious compute capacity. This is especially relevant in markets like Nigeria, where abundant underutilized energy resources present significant opportunities. The company is now prioritizing the meticulous execution of its proof-of-concept deployment, concurrently establishing robust commercial, legal, and governance foundations for its longer-term expansion. TerraHex is strategically positioning itself at the critical intersection of clean energy, Bitcoin, and high-performance computing within emerging global markets.