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Matt Prusak is out. The president and interim CFO of American Bitcoin is leaving the Nasdaq-listed mining firm to join Giga Energy as chief business officer and interim CFO, effective August 4. It’s a clean jump from bitcoin production into the kind of heavy power infrastructure that’s basically become the hottest seat in tech right now.
Prusak’s time at American Bitcoin wasn’t quiet. He led the company’s bitcoin accumulation strategy — the whole push to grow hashrate and increase BTC holdings per share that made the firm worth watching closely. American Bitcoin isn’t some small operation either. It’s backed by Hut 8 and co-founded by Eric Trump, which kept it in the spotlight pretty much constantly. Under Prusak, the accumulation playbook was central to everything the company did. Now he’s walking away from that, and the timing says a lot about where the money and the talent are actually moving.
Giga Energy’s Power Infrastructure Bet
Houston-based Giga Energy is where Prusak lands, and the company’s numbers are hard to ignore. It claims to have delivered more than 6.5 gigawatts of power infrastructure already, and it’s working on developing more than 500 megawatts of AI-ready data center capacity. That’s a serious footprint. The firm specializes in power equipment and AI data center infrastructure — not mining rigs, not tokens, but the physical backbone that everything else runs on.
And that’s kind of the whole story here. Prusak spent his career building expertise around power, land, and computational scale inside a bitcoin mining company. Giga Energy needs exactly that kind of person as it pushes deeper into AI infrastructure. The fit isn’t accidental.
The broader pull toward energy infrastructure has been building for a while across the crypto mining world. Bitcoin mining has grown more commoditized as the years go by — margins tighten, competition intensifies, and the next halving is always somewhere on the horizon. Companies that built out serious power capacity during the mining boom are now sitting on assets that AI hyperscalers desperately want. Data centers hungry for reliable gigawatts don’t care whether those gigawatts previously ran ASICs or not. They just need the power, the land, and someone who knows how to run it.
What Prusak’s Exit Means for American Bitcoin
For American Bitcoin, losing Prusak is a real shift. He was the guy steering the accumulation strategy — the approach that defined how the company differentiated itself from pure hashrate plays. Whether the firm reshuffles internally or brings in outside leadership isn’t clear yet. No details on a replacement have come out. The company’s focus on hashrate expansion and BTC holdings per share probably doesn’t vanish overnight, but it’s hard to replace someone who was both president and interim CFO simultaneously.
American Bitcoin’s position is still notable. Hut 8’s backing gives it resources, and the Eric Trump association kept it front-of-mind for a certain segment of the market. But the mining sector broadly is under pressure to figure out what comes after pure bitcoin production, and Prusak’s departure probably accelerates some of those internal conversations.
Giga Energy, for its part, seems to be moving fast. Developing 500-plus megawatts of AI-ready capacity while managing an existing 6.5-gigawatt delivered infrastructure base is genuinely ambitious. AI computing demand keeps climbing, and the bottleneck almost everywhere right now isn’t chips — it’s power. Companies that can reliably deliver electricity at scale have real leverage, and Giga Energy is clearly betting it can be one of those companies.
Prusak’s background at American Bitcoin probably looks pretty good from Giga Energy’s side of the table. Running strategy at a bitcoin miner means you’ve dealt with power procurement, grid interconnection timelines, land acquisition, and the kind of infrastructure headaches that would break someone who came purely from finance. That experience translates directly into what Giga Energy is building.
The executive shuffle also fits a pattern that’s been showing up across the industry — people who built their careers in digital assets are now getting recruited hard by energy infrastructure firms that want people who understand both worlds. It’s not a one-off. It’s a trend that’s been picking up speed.
Prusak starts August 4. Giga Energy gets a president-level operator with a mining background. American Bitcoin looks for its next move.
Frequently Asked Questions
What is Matt Prusak’s new role at Giga Energy?
Prusak joins Giga Energy as chief business officer and interim CFO, effective August 4.
What is Giga Energy’s current infrastructure scale?
Giga Energy says it has delivered more than 6.5 gigawatts of power infrastructure and is developing more than 500 megawatts of AI-ready data center capacity.
Who backs American Bitcoin and who co-founded it?
American Bitcoin is backed by Hut 8 and was co-founded by Eric Trump. It trades on Nasdaq.
