Scaramucci Dynasty Doubles Down: Family Office Plows Fortune Into Bitcoin Mining Venture
The Scaramucci clan just placed their biggest bet yet on crypto's infrastructure future.
From hedge funds to hash rate
Their family office quietly acquired a controlling stake in a struggling mining operation—right as Bitcoin's difficulty adjustment made rigs 30% more profitable. Timing or luck? Wall Street's whispering both.
The mining gambit
Insiders confirm the capital injection came with strings: immediate hardware upgrades and a pivot to renewable energy sites. Because nothing says 'long-term conviction' like hedging your carbon footprint while chasing block rewards.
One Goldman Sachs alum quipped: 'When the Mooch goes all-in on pickaxes during a gold rush, either buy shovels or short his bankers.'
Gold Becomes 2025’s Top Hard Asset, Leaving Bitcoin Behind
The opportunity, AJ explained, came through a personal relationship: he lived with Matt Prusak, now president of American Bitcoin, while attending Stanford Graduate School of Business. When Prusak shared plans for the miner to separate from Hut 8, AJ pushed for Solari Capital to take the lead and later said he believed the company could compete with large-scale public firms positioning themselves as indirect Bitcoin vehicles.
American Bitcoin both mines and accumulates BTC and has been adding coins through purchases as well. Public data shows the company holds just over 4,000 BTC – roughly $384 million – placing it among the larger publicly traded Bitcoin treasuries.
The firm’s high-profile financial backing comes during a rocky period for the crypto market. In a recent interview, Eric Trump dismissed the current downturn as a temporary phase, arguing that Bitcoin’s volatility is simply the price of long-term upside. His remarks followed a brief dip below $95,000, about a quarter off its peak earlier in October.
