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Trump-backed American Bitcoin (ABTC) executive Matt Prusak joins Giga Energy. CryptoWorld August 3, 2026 American Bitcoin Matt Prusak, president and interim chief financial officer of Trump-linked bitcoin miner American Bitcoin (ABTC), is leaving the company to join AI and energy infrastructure developer Giga Energy, marking another senior executive move toward the power sector that is increasingly underpinning both bitcoin mining and artificial intelligence. Prusak said he will step down from American Bitcoin effective Aug. 4 and join Giga Energy as chief business officer and interim CFO. He said in emailed comments that after "years building bitcoin businesses," he was shifting "upstream to the power infrastructure now constraining both mining and AI compute." The departure reflects a broader shift as bitcoin miners reposition around AI and power infrastructure. As mining becomes increasingly commoditized and margins come under pressure, a growing number of miners are pivoting toward artificial intelligence infrastructure, repurposing their power, land and data center expertise to serve the surging demand for AI compute. The shift has accelerated as hyperscalers race to secure electricity and capacity, allowing mining companies to diversify revenue beyond bitcoin production and tap the higher valuations being awarded to AI infrastructure businesses.

Royse City town hall scheduled for Thursday on proposed Giga Energy data center. Meeting is scheduled from 5 p.m. to 8 p.m. at Smoke Sessions BBQ at 307 State Highway 66. * By Kent Miller | [email protected] * Jul 28, 2026 Updated Jul 28, 2026 The public will have an opportunity to learn more about a proposed data center just outside Royse City during a town hall meeting hosted by Houston-based Giga Energy on Thursday. The meeting is scheduled from 5 p.m. to 8 p.m. at Smoke Sessions BBQ, 307 State Highway 66 in Royse City. Organizers have released few details but an initial agenda indicates the event will include a presentation, a general question-and-answer session and individual stations where attendees can ask more detailed questions. The proposed BT Gateway Data Center would occupy about 30 acres along County Road 2656 outside Royse City, with approximately 20 acres slated for development. Giga Energy CEO and co-founder Brent Whitehead said the project's main building would cover about two acres and would house artificial intelligence computing operations. Construction is expected to take about 12 months, with a target completion date of mid-2027. Company officials said the facility would use a closed-loop cooling system that is filled once with a water-and-glycol mixture that continually recirculates, eliminating evaporative water loss during normal operations. The project would receive electricity through existing three-phase distribution lines rather than requiring new high-voltage transmission lines. Giga Energy said it would pay for any infrastructure improvements needed to connect the facility to the electric grid. To address concerns about noise, the company said cooling equipment would be installed at ground level instead of on rooftops. Plans also call for a permanent sound wall around the property, temporary sound barriers during construction and landscaping designed to reduce both noise and visual impacts. Construction is expected to employ about 300 workers over the course of the project, with no more than about 100 workers on-site at any one time. Once operational, the data center is expected to employ between 20 and 24 full-time workers in skilled technical positions with six-figure salaries. Giga Energy said it is not seeking tax abatements or other public subsidies for the project. Company officials estimate the development would generate approximately $7.2 million annually in county property tax revenue. No additional information about Thursday's town hall has been released.

Giga Energy introduces proposed project near Royse City. New owner of data center in far West Hunt County speaks with county commissioners. * By Kent Miller | [email protected] * Jul 21, 2026 Updated 11 hrs ago GREENVILLE - The Hunt County Commissioners Court at last week's regular session heard a presentation from Houston-based Giga Energy on a proposed data center development on County Road 2656 near Royse City. County officials said Giga Energy requested the meeting to introduce the project and answer questions from commissioners and the public. Speaking by Zoom from Houston, Brent Whitehead - co-founder and chief operating officer of Giga Energy - said the company develops, builds, owns and operates its own data centers rather than serving solely as an investment firm. "Our goal is to build electrical infrastructure that helps modernize the electric grid," Whitehead said. The proposed BT Gateway Data Center would occupy about 30 acres outside Royse City, with roughly 20 acres slated for development. Whitehead said the main building would cover about two acres and would process artificial intelligence computing workloads. Construction is expected to take about 12 months with a target completion date of mid-2027, he said. Whitehead described the facility as a "micro data center" compared with larger artificial intelligence campuses being developed elsewhere in Texas. He said Hunt County was selected because existing electrical capacity is available through Farmers Electric Cooperative. Rather than requiring construction of new substations or major transmission infrastructure, Giga Energy plans to purchase unused electrical capacity already available on the system. Whitehead said the company would pay for any electrical upgrades needed to serve the project instead of passing those costs on to cooperative members. The company plans to hold a public town hall meeting within the next one to two weeks to provide a more detailed presentation, answer questions and host breakout discussions on topics including water, electricity and noise. "We want to answer every concern," Whitehead said. Water use has emerged as one of the project's primary concerns among nearby residents, Whitehead acknowledged. He said the facility would use a closed-loop cooling system filled once with a water-and-glycol mixture that continually recirculates, eliminating evaporative water loss. Annual water consumption would be roughly equivalent to that of about 2[1/2] homes, with most usage coming from employee restrooms and sinks, he said. Whitehead added that Giga Energy could truck in water if requested and would consider helping fund water infrastructure improvements if nearby residents need expanded service. The facility would receive power through existing three-phase distribution lines rather than new high-voltage transmission lines, Whitehead said. He said Giga Energy would pay for any infrastructure improvements required to connect the project. Addressing noise concerns, Whitehead said cooling equipment would be installed at ground level instead of on rooftops, a permanent sound wall would surround the property, temporary sound barriers would be used during construction and landscaping would help reduce both noise and visual impacts. He said company sound studies are intended to ensure nearby road traffic would generate more noise than the completed facility. Whitehead also said environmental studies conducted by third-party consultants included habitat assessments, wetland delineations and other environmental reviews. The site is not located in wetlands and is not expected to affect protected species, he said. Construction is expected to employ about 300 workers over the course of the project, with no more than about 100 on site at one time. Whitehead said the company intends to use local contractors whenever possible and coordinate with county officials on traffic management and road repairs. Once operational, the data center is expected to employ between 20 and 24 full-time workers in skilled technical positions paying six-figure salaries, Whitehead said. Whitehead said Giga Energy is not seeking tax abatements or other public subsidies for the project. He estimated the development would generate approximately $7.2 million annually in county property tax revenue.