TerraHash Rebrands as TerraHex, Secures Major Power Agreement for Digital Infrastructure

In a strategic move signaling expansion beyond its initial focus, Terrahash has rebranded to TerraHex Digital Assets Corp (TerraHex) while simultaneously securing an 18-megawatt power supply agreement in Nigeria. This development positions the company to capitalize on both Bitcoin mining opportunities and the growing demand for AI compute infrastructure across Africa.

The rebranding reflects TerraHex’s broader vision of becoming a leading provider of low-cost digital infrastructure using stranded or underutilized energy resources. The name change, from Terrahash to TerraHex, emphasizes this dual focus—linking its roots in Bitcoin hashing technology with its future ambitions in artificial intelligence computing.

Powering the Next Generation of Compute

TerraHex’s business model centers on converting wasted energy into productive digital assets. By deploying modular high-performance computing systems alongside flexible power generation, the company creates dual revenue streams: Bitcoin mining from the first megawatt and targeted AI compute workloads (inference, fine-tuning, training) as demand grows.

Strategic Partnership in Nigeria

The secured 18 MW capacity represents a significant milestone for TerraHex. The agreement with Shoreline Power at facilities in Afisiere, Delta State, will serve as the initial deployment site and proof-of-concept node for future expansion. This location provides access to underutilized power resources while supporting local economic development.

“This is the kind of opportunity that stands out because it brings together timing, infrastructure, and a clear commercial model,” said Toks Abimbola, Director of Business Development at Shoreline Power. “TerraHex is approaching this with discipline, and we’re pleased to support their next phase.”

Experienced Leadership & Governance

To guide its growth, TerraHex has assembled an advisory board with deep expertise across energy, finance, law, and digital assets. Key members include:

• Patrick J. Sweeney (Board Chair): Data center specialist with extensive experience in building scalable infrastructure
• David Saab: Former JP Morgan MD with a track record of successful investments
• Emily Chang: Global commercial leader focused on emerging markets
• Dayo Okusami: Partner at Templars law firm specializing in Nigerian regulatory matters

The company’s structure includes a Delaware parent, a UAE holding company, and site-specific special purpose vehicles where power partners receive minority equity—aligning incentives for long-term success.

“TerraHex reflects the scale of what we’re building as digital infrastructure becomes increasingly linked to energy and bitcoin-based compute,” said CEO OluMayowa Ogunnusi. “We’re focused on disciplined deployment across markets with high potential, creating value from underutilized resources while delivering essential digital services.”