Matt Prusak, president and interim chief monetary officer of Trump-linked bitcoin miner American Bitcoin (ABTC), is leaving the corporate to hitch AI and vitality infrastructure developer Giga Power, marking one other senior government transfer towards the facility sector that’s more and more underpinning each bitcoin mining and synthetic intelligence.
Prusak mentioned he’ll step down from American Bitcoin efficient Aug. 4 and be a part of Giga Power as chief enterprise officer and interim CFO.
He mentioned in emailed feedback that after “years constructing bitcoin companies,” he was shifting “upstream to the facility infrastructure now constraining each mining and AI compute.”
The departure displays a broader shift as bitcoin miners reposition round AI and energy infrastructure. As mining turns into more and more commoditized and margins come beneath strain, a rising variety of miners are pivoting towards synthetic intelligence infrastructure, repurposing their energy, land and information middle experience to serve the surging demand for AI compute.
The shift has accelerated as hyperscalers race to safe electrical energy and capability, permitting mining corporations to diversify income past bitcoin manufacturing and faucet the upper valuations being awarded to AI infrastructure companies.