Trump-linked American Bitcoin president Matt Prusak departs for Giga Energy
Matt Prusak is stepping down as president of American Bitcoin to join Giga Energy as chief business officer and interim CFO. This move highlights a broader industry trend where bitcoin mining companies are pivoting toward AI infrastructure and power management to capitalize on higher valuations and energy demand.
Why it matters
It illustrates the strategic convergence of cryptocurrency mining and AI compute, as both sectors compete for limited power infrastructure.
Prusak said he will step down from American Bitcoin effective Aug. 4 and join Giga Energy as chief business officer and interim CFO.
He said in emailed comments that after "years building bitcoin businesses," he was shifting "upstream to the power infrastructure now constraining both mining and AI compute."
The departure reflects a broader shift as bitcoin miners reposition around AI and power infrastructure. As mining becomes increasingly commoditized and margins come under pressure, a growing number of miners are pivoting toward artificial intelligence infrastructure, repurposing their power, land and data center expertise to serve the surging demand for AI compute.
The shift has accelerated as hyperscalers race to secure electricity and capacity, allowing mining companies to diversify revenue beyond bitcoin production and tap the higher valuations being awarded to AI infrastructure businesses.
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