By Kingsley Samuel
In a move aimed at solving two persistent challenges in emerging markets, wasted energy resources and the high cost of digital infrastructure, clean-energy computing firm TerraHex Digital Assets Corp has unveiled a new operational strategy following its rebrand from Terrahash.
The company’s repositioning is built around converting underutilised or stranded power into productive digital infrastructure, a problem that has long affected energy-rich regions like Nigeria, where significant gas-powered capacity remains unused while demand for computing power continues to rise.
Announcing the transition ahead of Bitcoin 2026, TerraHex said its new structure is designed to bridge the gap between energy supply inefficiencies and the growing need for affordable, scalable computing, particularly for bitcoin mining and artificial intelligence workloads.
Founded in 2025 by Olumayowa Ogunnusi, the company operates a Power-for-Equity model that directly addresses the financial and operational barriers preventing energy assets from being fully utilised.
Under this model, TerraHex provides capital, technical equipment, and operational expertise, while energy partners contribute stranded or underused power in exchange for equity stakes in each project. This approach eliminates upfront funding constraints for energy owners while creating a shared revenue model.
“Across many frontier markets, energy is available but not efficiently used. At the same time, compute infrastructure is expensive and scarce. Our model connects both problems and solves them together,” Ogunnusi said.
A key part of this solution is the company’s newly announced joint venture with Shoreline Power, which will support the deployment of high-performance computing infrastructure at its Afisiere facilities in OML 30, Delta State.
The partnership will begin with a proof-of-concept node designed to test the commercial viability of converting unused energy into revenue-generating digital assets. With this agreement, TerraHex has secured up to 18 megawatts of power capacity for initial deployment, with plans to scale further upon successful validation.
Industry observers note that one of the major inefficiencies in Nigeria’s energy sector is the inability to monetise excess or stranded gas. By deploying modular, containerised computing systems close to power sources, TerraHex aims to turn what would otherwise be wasted energy into economic value.
Beyond energy utilisation, the company is also addressing the high entry barriers to advanced computing infrastructure, particularly for AI and data processing. Its hybrid model combines bitcoin mining — which generates immediate cash flow — with longer-term AI compute capabilities, enabling more sustainable infrastructure development.
To strengthen execution and governance — another critical gap in infrastructure projects — TerraHex has also expanded its board to include experts across energy, finance, law, and operations.
The board includes Patrick J. Sweeney, David Saab, Emily Chang, Dayo Okusami, Ali Safieddine, and Odunoluwa Longe — a move aimed at addressing the governance and execution risks that often derail large-scale infrastructure initiatives.
Chairman of the board, Sweeney, said the company’s focus on fundamentals, particularly access to clean power and an agile operating structure, positions it to tackle core industry challenges effectively.
“In this sector, success depends on getting the basics right, power, structure, and disciplined execution. TerraHex is starting from that foundation, which is critical for scaling sustainably,” he said.
Also speaking, Director of Business Development at Shoreline Power, Toks Abimbola, noted that the partnership reflects a practical alignment of infrastructure and opportunity.
“This is about unlocking value where it already exists. By combining the right infrastructure with a clear commercial model, we are creating a pathway for both energy utilisation and digital growth,” he said.
As global demand for computing power continues to surge, particularly with the rise of AI, TerraHex’s model presents a dual solution — reducing energy waste while expanding access to cost-efficient compute infrastructure.
With its proof-of-concept deployment underway, the company is now focused on execution, as it seeks to demonstrate that stranded energy can be transformed into a scalable driver of digital and economic value.
