Nigerian Startup Terrahex Secures First Bitcoin Mining Fleet for 9MW Facility in Southern Nigeria, Targets December Launch
Hardware Secured, December Launch on Track
Terrahex, a Nigerian-founded company building modular Bitcoin mining infrastructure in frontier energy markets, has received its second shipment of ASIC miners at its processing hub in Florida and confirmed the first batch is ready for shipment to Nigeria. The equipment forms the initial fleet for the company’s first 9MW Bitcoin mining node in southern Nigeria, which will host approximately 2,400 miners across six containerised units targeting a December 2026 go-live.
Founded in 2025 by Nigerian entrepreneur OluMayowa Ogunnusi, Terrahex’s model is built around converting stranded or underutilised electricity into productive digital infrastructure. Rather than building power generation from scratch, the company partners with existing energy providers who have excess capacity at their facilities, using a Power-for-Equity approach where energy partners contribute power assets in exchange for equity stakes in site-specific ventures.
Built for Nigerian Operating Conditions
The Florida hub, supported by technical partner M3 Miner Repair, is preparing every machine specifically for the operating demands of the Nigerian terrain. Each ASIC undergoes inspection, testing, conditioning, and certification before shipping to account for seasonal Harmattan dust, high heat, and humidity. Board Chairman Patrick Sweeney said securing the initial fleet from an established US operator and certifying every machine before deployment removes risk from the build and creates a credible path to scaling beyond 100MW in Nigeria over the next 24 months.
Director Dayo Okusami, also a partner at TEMPLARS, one of Africa’s largest law firms, said contracting discipline, counterparty quality, and due diligence are critical to infrastructure projects in frontier energy markets. The company is applying international standards to its hardware supply and deployment arrangements.
Nigeria's Entry Into the Bitcoin Mining Map
Nigeria has the power and the ambition to host world-class compute infrastructure, but until now has had no significant Bitcoin mining presence. Terrahex is positioning itself as the first mover. TechCabal reported that even when electricity is available in Nigeria, grid constraints often leave some of it without a reliable buyer. Terrahex sees a future where that otherwise underused electricity generates revenue through Bitcoin mining while building a foothold for broader high-performance computing. The model mirrors what has worked in Ethiopia through hydropower and in Kenya through Gridless’s biomass and geothermal sites, but adapted for Nigeria’s gas-powered energy infrastructure.