His move to Giga Energy underscores the trend of executives transitioning from bitcoin mining to AI and energy sectors.
By Will Canny, AI Boost|Edited by Jamie Crawley Aug 3, 2026, 3:24 p.m. 2 min readMake preferred on ShareShare this articleCopy linkX (Twitter)LinkedInFacebookEmailMake preferred on Eric Trump, co-founder of American Bitcoin, at Consensus Miami 2026. (CoinDesk)SummaryShow- Matt Prusak is departing American Bitcoin as president and interim CFO to join Giga Energy.
- He will assume the role of chief business officer and interim CFO at Giga starting August 4.
- This transition highlights a trend of executives moving from bitcoin mining to AI and energy infrastructure.
Matt Prusak, who has served as the president and interim chief financial officer of the Trump-affiliated mining company American Bitcoin (ABTC), is set to leave the firm to join Giga Energy, a developer focused on AI and energy infrastructure. This marks a significant trend of executives migrating towards sectors that support both bitcoin mining and artificial intelligence.
Prusak will officially leave American Bitcoin on August 4, transitioning to Giga Energy as its chief business officer and interim CFO.
He commented via email, stating that after "years building bitcoin businesses," he is now shifting "upstream to the power infrastructure now constraining both mining and AI compute."
This departure is part of a larger movement where bitcoin miners are increasingly focusing on AI and power infrastructure. As the bitcoin mining industry becomes more commoditized and profit margins shrink, many miners are redirecting their resources towards AI infrastructure, leveraging their expertise in power, land, and data centers to meet the rising demand for AI computing.
The urgency of this transition has intensified as hyperscale companies compete for electricity and capacity, enabling mining firms to diversify their revenue streams beyond just bitcoin and tap into the higher valuations seen in AI infrastructure ventures.
Prusak was a key figure at American Bitcoin, a company listed on Nasdaq and co-founded by Eric Trump, and was responsible for articulating the company’s strategy for increasing bitcoin holdings while expanding its hashrate.
Giga Energy, based in Houston, specializes in developing and manufacturing power equipment and AI data center infrastructure. The company has successfully delivered over 6.5 gigawatts (GW) of power infrastructure and is currently working on more than 500 megawatts (MW) of AI-capable data center capacity.
This trend reflects a broader industry movement as talent and investment increasingly flow towards the energy infrastructure essential for supporting extensive AI computing and bitcoin mining. Reliable access to power is now one of the primary limitations in scaling computing capacity, prompting infrastructure firms to recruit experts with substantial experience in digital assets.
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