American Bitcoin’s President Resigns

American Bitcoin’s president and interim CFO, Matt Prusak, resigned effective immediately to join Giga Energy as chief business officer and interim CFO. The departure adds to leadership turnover at the bitcoin mining firm, which is backed by Hut 8 and co-founded by Eric Trump. The news is mildly negative for ABTC because it increases uncertainty around management continuity at a time when the stock is already under heavy pressure, having fallen 94% over the last 12 months to $5.85. The article also highlights a broader industry trend: bitcoin miners are increasingly shifting toward AI data centers and power infrastructure, which could shape future capital allocation and business strategy across the sector.