Matt Prusak exits $ABTC for Giga Energy amid a shift in Bitcoin mining toward AI infrastructure and data centers.
American Bitcoin (NASDAQ: $ABTC) announced the immediate resignation of President Matt Prusak, who also served as interim CFO. Prusak will join Giga Energy, a private AI infrastructure developer, as chief business officer and interim CFO.
The departure follows a 94% decline in $ABTC stock over the past 12 months, now trading at $5.85 per share. The move reflects a broader trend of Bitcoin miners diversifying into AI data centers and power infrastructure. American Bitcoin, backed by Hut 8 ($HUT), has seen multiple executive exits recently.
No successor has been named for Prusak’s role at American Bitcoin. Giga Energy, based in Texas, specializes in power equipment and AI data center development.