Prusak Defects from ABTC to Lead Giga Energy's Power Play

Mat Prusak, president and interim CFO of American Bitcoin Corp (ABTC), has left his position to join Giga Energy as chief business officer and interim CFO effective August 4.

The departure marks a significant executive loss for the company, which is led by co-founder Eric Trump and counts him among its largest shareholders. Prusak's exit comes at a time when American Bitcoin holds a substantial treasury of over 8,000 BTC.

Giga Energy, based in Houston, specializes in building modular power infrastructure and containerized solutions for Bitcoin mining operations. However, the company has expanded beyond its core business to develop AI-capable data center capacity, with over 500 MW currently under development.

The move from American Bitcoin to Giga Energy may seem surprising, given Prusak's background in cryptocurrency companies. Nevertheless, his experience at Ionic Digital and US Bitcoin Corp suggests a deliberate choice rather than an opportunistic one.