Scaramucci Family Pours $100M Into Trump Sons’ Bitcoin Mining Firm
Anthony Scaramucci and his son, AJ Scaramucci, have invested over $100 million into American Bitcoin, the Bitcoin mining and treasury firm cofounded by Eric Trump and backed by Donald Trump Jr., regardless of the elder Scaramucci’s well-documented political feud with the previous president.
According to the report from Fortune, the funding got here via Solari Capital, an funding agency based by AJ Scaramucci, which led a $220 million funding spherical in July earlier than American Bitcoin went public by way of a reverse merger in September.
The backing from the Scaramucci household transcends political divisions, with Bitcoin serving as a standard floor between former adversaries.
Other individuals within the funding spherical included life coach Tony Robbins, Cardano founder Charles Hoskinson, investor Grant Cardone, and serial entrepreneur Peter Diamandis.
Former Rivals Unite Behind Bitcoin Treasury Strategy
Anthony Scaramucci’s transient 11-day stint as White House communications director in 2017 ended spectacularly following experiences of a profanity-laden rant in opposition to Trump staffers.
Since then, the SkyBridge Capital founder has change into a vocal critic of Trump, supporting Joe Biden in 2020 and Kamala Harris in 2024.
However, Trump’s embrace of crypto throughout his 2024 reelection marketing campaign created surprising alignment between the households.
“There could also be a blue and a pink group, however there’s additionally an orange group, and that’s Bitcoin,” Anthony Scaramucci advised Fortune, referencing the cryptocurrency’s signature shade.
AJ Scaramucci sourced the deal via his shut friendship with Matt Prusak, the president of American Bitcoin, and his former Stanford enterprise college roommate.
The youthful Scaramucci noticed alternative within the firm’s twin method of mining Bitcoin whereas buying extra holdings on the open market, believing it might compete within the saturated market of public Bitcoin treasury corporations.
“The Scaramuccis actually imagine in what American Bitcoin is doing, and so they had been prepared to place type of their private points apart and say, ‘Look, we predict this can be a nice firm,‘” mentioned Asher Genoot, chairman of American Bitcoin.
The firm has quickly expanded its Bitcoin treasury to 4,004 BTC worth roughly $415 million, including 139 BTC between October 24 and November 5 alone, making it the twenty fifth largest company Bitcoin holder based on bitcointreasuries.net.
American Bitcoin (@ABTC), backed by @EricTrump and Donald Trump Jr., has expanded its holdings to 4,004 BTC price $415 million.#Trump #Cryptohttps://t.co/u2gPQgvyzM
— Cryptonews.com (@cryptonews) November 8, 2025
Mining Industry Faces Mounting Profitability Crisis
The funding comes as Bitcoin mining confronts its most challenging environment in years, with hash costs plunging to round $42 per petahash per second from $62 in July.
The metric, which measures day by day income per unit of computational energy, is approaching the break-even threshold that might power smaller miners offline.
April’s Bitcoin halving minimize block rewards from 6.25 BTC to three.125 BTC whereas community hashrate surged previous one zetahash per second for the primary time, making a profitability squeeze throughout the sector.
Major miners are responding by pivoting towards synthetic intelligence infrastructure, with Cipher Mining signing a $5.5 billion cope with Amazon Web Services in October and IREN securing a $9.7 billion settlement with Microsoft in November.
Last Friday, Bitfarms took the most dramatic step in abandoning Bitcoin mining entirely, asserting Thursday it’s going to wind down operations over 2026 and 2027 after posting a $46 million third-quarter loss.
The firm will convert its Washington State facility to assist AI workloads utilizing Nvidia’s next-generation GB300 GPUs underneath a completely funded $128 million binding settlement.
@Bitfarms_io shares dropped 18% because it introduced a wind-down in $BTC operations to pivot to AI infrastructure after a $46M Q3 loss. #Bitcoin #AI https://t.co/3Q7tsldFzS
— Cryptonews.com (@cryptonews) November 14, 2025
American Bitcoin’s technique mirrors that of Strategy, formerly MicroStrategy, which holds over 641,000 BTC price roughly $66 billion, making it the world’s largest company Bitcoin holder.
Notably, the Trump household’s broader crypto ventures have generated roughly $1 billion in pre-tax gains over the past year via tokens together with TRUMP and MELANIA, which introduced in $427 million, and WLFI, which added $550 million.
Their USD1 stablecoin has attracted $2.71 billion in reserves, backed one-to-one by U.S. Treasuries.
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