Exponential space‐based heat source with shear‐thinning/thickening behavior offers innovative insights into the optimization of thermal transport process in complex systems, such as in the cooling of microelectronics, energy storage technologies, and biomedical devices, where accurate thermal control is critical. This study explores the investigation of an exponential space‐based heat source with effects of shear thinning/thickening behavior of a ternary infinite shear rate viscosity‐dependent Carreau water‐based nanofluid [Cu, Fe3O4, SiO2] over a three‐dimensional wedge in a magnetized environment. The interaction between heat transport and magnetic fields is explored through the behavior of the ternary nanofluid by classifying the both shear‐thinning and shear‐thickening effects. The incorporation of physical assumptions in the model gives the set of partial differential equations (PDEs) and similarity transformations are launched to convert them into ordinary differential equations (ODEs). Furthermore, bvp4c scheme is used to fetch the numerical solution. Temperature profile is increasing with exponential‐based source heat parameter due to a reduction in the rate of heat absorption by the fluid. Ternary nanofluids exhibit the highest rate of temperature increment due to the effects of multiple nanoparticles as compared to hybrid or single‐nanoparticle nanofluids. Rate of velocity decrement in ternary nanofluids compared to bi‐hybrid nanofluids and single‐particle nanofluids.