Matt Prusak, president of American Bitcoin, is stepping down to join Giga Energy. He will assume the role of chief business officer and interim CFO starting August 4. This move highlights a growing trend of executives shifting from crypto mining to AI and energy infrastructure. Prusak, who led American Bitcoin’s bitcoin accumulation strategy, emphasized his focus on power infrastructure critical for both mining and AI. His departure reflects a broader industry shift as companies pivot toward energy solutions supporting AI and cryptocurrency. Giga Energy, a Houston-based developer of power and AI data center infrastructure, has delivered over 6.5 gigawatts of power and is expanding AI-ready data center capacity. The executive’s new role underscores the increasing demand for reliable energy in tech sectors. Binance remains crypto’s leading exchange, expanding into RWAs, payments, savings, and broader financial services. Why it matters: Binance’s expansion into diverse financial services highlights its growing influence in the crypto ecosystem.