Trump-Linked Bitcoin Exec Jumps to AI Energy Company Giga

American Bitcoin president Matt Prusak is leaving to join Giga Energy, showing how miners are pivoting toward powering AI.

A top executive at a Trump-backed Bitcoin company is switching jobs — and his move tells a bigger story about where the money is going in tech.

Matt Prusak, the president of American Bitcoin (ABTC) — a Bitcoin mining company co-founded by Eric Trump — is leaving to join Giga Energy, a company that builds power equipment and data centers for artificial intelligence (AI).

Before we go further, here are a few simple terms:

Bitcoin mining: Using powerful computers to create new Bitcoin (a digital currency). This requires huge amounts of electricity.
AI compute: The massive computing power needed to run AI programs like chatbots — which also needs lots of electricity.
CFO (Chief Financial Officer): The person in charge of a company's money and finances.

Key facts:

Prusak leaves American Bitcoin on August 4.
He joins Giga Energy as chief business officer and interim CFO.
Giga has delivered over 6.5 gigawatts of power infrastructure and is building 500+ megawatts of AI-ready data center capacity.

So why the switch? Prusak said he is moving "upstream" to the power industry that both Bitcoin mining and AI now depend on. In plain terms: electricity is the real bottleneck. Both mining and AI need enormous amounts of power, and there isn't enough to go around.

This reflects a big trend. Bitcoin mining is becoming less profitable as more companies compete, squeezing their profits (called "margins"). Meanwhile, AI companies are desperate for electricity and data centers. So many miners are repurposing their power supplies, land, and expertise to serve AI instead — a business that investors currently value more highly.

The bottom line: Prusak's move is a real-world example of talent and money flowing away from pure Bitcoin mining and toward the energy infrastructure that powers the AI boom. For beginners, the lesson is simple — in today's tech world, whoever controls the electricity controls the future.

This is an AI-generated summary. Read the original article at: https://www.coindesk.com/business/2026/08/03/trump-linked-american-bitcoin-president-matt-prusak-departs-for-giga-energy