Trump’s Bitcoin Mining Firm Gets $100M+ Boost From Scaramucci Family: Report
AJ Scaramucci’s household has put greater than $100 million right into a Bitcoin mining firm backed by US President Donald Trump’s sons, in accordance with reporting on the deal. The money got here by way of Solari Capital, the agency led by AJ Scaramucci, and was half of a bigger $220 million pre-IPO financing in July.
Funding Round And Backers
A report by Fortune has disclosed that the July financing was led by Solari Capital and raised $220 million in complete. Solari’s funding is alleged to exceed $100 million, whereas Anthony Scaramucci additionally made a smaller private contribution.
Other traders named in protection embody the founding father of Cardano, some real-estate figures, and a handful of entrepreneurs and public personalities. The transfer was framed by traders as a giant wager on Bitcoin infrastructure somewhat than a easy token play.
The Company’s Scale And Holdings
According to filings, the corporate owned greater than 60,000 Bitcoin miners as of May 31, 2025, with a reported fleet hashrate of about 10.17 EH/s.
The identical filings present the enterprise has been constructing a strategic Bitcoin reserve: current regulatory disclosures record hundreds of cash held on the steadiness sheet. Those figures mirror each mined cash and market purchases used to develop the corporate’s stash.
Partnerships And Ownership Structure
American Bitcoin was fashioned in shut partnership with a big mining operator that contributed infrastructure and far of the preliminary gear. That companion holds the majority of the brand new firm’s financial curiosity, leaving the Trump brothers and a restricted group of others with the remaining stake.
The association allowed American Bitcoin to scale shortly and transfer towards public buying and selling by way of a merger settlement introduced this 12 months.
National Security And Hardware Deals
Coverage has raised considerations a few deal that offers the agency uncommon entry to gear from a giant Chinese miner. That association reportedly consists of the acquisition of hundreds of machines beneath prolonged cost phrases — in some circumstances as much as 24 months — with funds secured by pledged Bitcoin. Critics say such phrases and {hardware} dependence might create political and safety questions, particularly given the agency’s high profile and hyperlinks to US political leaders.
Operational Performance And Recent Results
Regulatory filings and quarterly releases present the enterprise is producing Bitcoin from mining and can also be shopping for cash on the open market to develop holdings. In the third quarter it mined a number of hundred BTC, a tempo that helped raise income and margins in current outcomes.
Backers say the mannequin mixes manufacturing with accumulation to seize upside if costs rise. Some analysts warn the method concentrates crypto worth threat alongside the conventional operational dangers of operating giant knowledge facilities.
Featured picture from Pexels, chart from TradingView
