Scaramucci Family Invests $100M+ in Trump-Backed Bitcoin Miner

The July financing round, which raised $220 million in total, was led by Solari Capital, the firm headed by AJ Scaramucci. According to Fortune’s reporting, Solari’s investment alone exceeds $100 million, with Anthony Scaramucci making an additional personal contribution. The investor consortium includes a diverse group of backers, ranging from the founder of Cardano to real-estate figures and various entrepreneurs and public personalities.

This collective investment represents what participants describe as a significant commitment to Bitcoin infrastructure development rather than mere token acquisition. The involvement of Donald Trump’s sons adds a notable political dimension to the venture, though the primary focus remains on building operational capacity in the competitive Bitcoin mining sector.

American Bitcoin has established substantial mining operations, with regulatory filings revealing ownership of more than 60,000 Bitcoin miners as of May 31, 2025. This extensive fleet generates a reported hashrate of approximately 10.17 EH/s, positioning the company as a significant player in the global mining landscape.

Beyond mining operations, the company has been systematically building a strategic Bitcoin reserve through both mined coins and market purchases. Recent regulatory disclosures confirm thousands of coins held on the balance sheet, reflecting a dual strategy of production and accumulation that backers believe will capture upside potential if Bitcoin prices rise.

Third-quarter performance data shows the company mined several hundred BTC, contributing to improved revenue and margins. This operational success has supported the company’s progression toward public trading through a merger agreement announced earlier this year.

American Bitcoin was formed through a close partnership with a large mining operator that contributed both infrastructure and much of the initial equipment. This strategic arrangement allowed the company to scale rapidly without the typical capital-intensive buildup period. The partner mining operator holds the majority economic interest in the venture.

The remaining stake is distributed among the Trump brothers and a limited group of other investors, including the Scaramucci family through Solari Capital. This ownership structure has facilitated the company’s quick market entry and positioned it for its planned public listing through the recently announced merger agreement.

Coverage of American Bitcoin’s operations has raised questions about a deal providing the company with unusual access to equipment from a major Chinese miner. The arrangement reportedly includes the purchase of thousands of mining machines under extended payment terms—in some cases stretching to 24 months—with payments secured by pledged Bitcoin.

Critics have highlighted potential political and security implications of this hardware dependence, particularly given the company’s high-profile political connections. The extended payment terms, secured by cryptocurrency collateral, represent an unconventional financing structure that some analysts view as potentially problematic from both operational and regulatory perspectives.

While investors emphasize the infrastructure-focused nature of their bet, some analysts caution that the company’s approach concentrates cryptocurrency price risk alongside the normal operational challenges of running large-scale data centers. The combination of political prominence, Chinese hardware dependencies, and unconventional financing arrangements creates a complex risk profile that will likely face continued scrutiny as the company moves toward public markets.