Trump’s Bitcoin Mining Firm Gets $100M+ Boost From Scaramucci Family: Report

AJ Scaramucci’s family has put more than $100 million into a Bitcoin mining company backed by US President Donald Trump’s sons, according to reporting on the deal. The cash came through Solari Capital, the firm led by AJ Scaramucci, and was part of a larger $220 million pre-IPO financing in July.

A report by Fortune has disclosed that the July financing was led by Solari Capital and raised $220 million in total. Solari’s investment is said to exceed $100 million, while Anthony Scaramucci also made a smaller personal contribution.

Other investors named in coverage include the founder of Cardano, some real-estate figures, and a handful of entrepreneurs and public personalities. The move was framed by investors as a big bet on Bitcoin infrastructure rather than a simple token play.

According to filings, the company owned more than 60,000 Bitcoin miners as of May 31, 2025, with a reported fleet hashrate of about 10.17 EH/s.

The same filings show the business has been building a strategic Bitcoin reserve: recent regulatory disclosures list thousands of coins held on the balance sheet. Those figures reflect both mined coins and market purchases used to grow the company’s stash.

American Bitcoin was formed in close partnership with a large mining operator that contributed infrastructure and much of the initial equipment. That partner holds the bulk of the new company’s economic interest, leaving the Trump brothers and a limited group of others with the remaining stake.

The arrangement allowed American Bitcoin to scale quickly and move toward public trading through a merger agreement announced this year.

Coverage has raised concerns about a deal that gives the firm unusual access to equipment from a big Chinese miner. That arrangement reportedly includes the purchase of thousands of machines under extended payment terms — in some cases up to 24 months — with payments secured by pledged Bitcoin. Critics say such terms and hardware dependence could create political and security questions, especially given the firm’s high profile and links to US political leaders.

Regulatory filings and quarterly releases show the business is producing Bitcoin from mining and is also buying coins on the open market to grow holdings. In the third quarter it mined several hundred BTC, a pace that helped lift revenue and margins in recent results.

Backers say the model mixes production with accumulation to capture upside if prices rise. Some analysts warn the approach concentrates crypto price risk alongside the normal operational risks of running large data centers.

Featured image from Pexels, chart from TradingView