Matt Prusak, president of American Bitcoin — the Eric Trump-backed Bitcoin miner — is leaving the company. He's joining Giga Energy, a firm that builds power infrastructure for AI data centers. The move highlights a broader industry shift as crypto mining talent gets pulled into the energy demands of artificial intelligence.
Why Prusak is leaving
Prusak didn't give a public reason, but the timing lines up with a larger trend. Crypto miners have spent years optimizing for cheap power. Now AI companies need that same cheap power — and they're willing to pay more for it. Giga Energy focuses on exactly that: building out energy infrastructure for AI workloads. Prusak's background in mining operations makes him a natural fit.
The Eric Trump connection
American Bitcoin launched with a high-profile backer in Eric Trump, but the venture hasn't been immune to the industry's turbulence. Prusak's departure comes as the company faces a leadership gap. It's not clear who will take over day-to-day operations. The company hasn't announced a replacement yet.
What Giga Energy does
Giga Energy isn't a miner — it's an infrastructure play. The company builds power systems for AI data centers, which are guzzling electricity at a rate that's straining grids in some regions. Prusak's move suggests he sees more growth on the energy side than in mining itself. That's a bet a lot of former mining execs are making right now.
Prusak's start date at Giga Energy hasn't been disclosed. American Bitcoin will need to find a new president quickly, or risk losing momentum. The broader question: how many more mining executives will follow the same path? The answer probably depends on how long AI's power hunger keeps growing.
