Key Points
- TerraHex Digital Assets Corp rebrands from Terrahash to reflect broader AI and compute ambitions
- Secures energy partnerships enabling 18 MW proof-of-concept deployment using stranded power
- Expands board oversight across energy, finance, law and infrastructure sectors
TerraHex Digital Assets Corp, formerly Terrahash, has rebranded as it advances energy partnerships and strengthens governance structures, positioning itself for proof-of-concept deployment during the ongoing Bitcoin 2026.
The company said it has secured agreements supporting 18 megawatts of initial capacity, marking a key step in its plan to build high-performance computing infrastructure powered by underutilised energy sources.
Founded in 2025 by Olumayowa Ogunnusi, TerraHex operates at the intersection of energy and digital infrastructure, focusing on converting stranded or underused power into productive compute capacity. Its model combines bitcoin mining with artificial intelligence workloads, targeting enterprise inference, fine-tuning and large-scale training applications.
The rebranding reflects a broader shift in strategy. The company said the move from “hash” to “hex” aligns with both bitcoin architecture and modern computing systems, signalling an expanded focus beyond cryptocurrency into AI-driven infrastructure.
TerraHex joint venture
As part of its expansion, TerraHex has agreed preliminary terms with Shoreline Power Company for a joint venture in Afisiere, located in Nigeria’s Delta State. The project is expected to deploy modular, containerised compute infrastructure alongside existing gas-powered facilities, forming the basis of the company’s proof-of-concept node.
The company’s commercial approach centres on “power-for-equity” agreements, under which TerraHex provides capital, equipment and operational expertise, while energy partners contribute power assets in exchange for equity participation. The model is designed to monetise energy from the outset through bitcoin mining, with additional upside from AI compute services.
TerraHex said its operating structure spans a Delaware-based parent, a UAE holding entity and site-level special purpose vehicles, with local partners holding minority stakes. Legal and regulatory support for Nigerian operations is being handled by Templars.
Alongside its commercial expansion, the company has formed a board and observer structure covering energy, infrastructure, finance and legal expertise. The board includes executives with backgrounds in oil and gas, data centres, venture law and global finance, reflecting the complexity of deploying infrastructure in frontier energy markets.
Chairman Patrick J. Sweeney said the company’s focus on access to clean power and operational agility would be critical to scaling efficiently, adding that disciplined execution at site level would determine long-term success.
The company said it is now focused on executing its initial deployment and strengthening commercial and governance foundations as it prepares for its next phase of growth.
