SkyBridge Capital, an investment firm founded by financier and former Donald Trump aide Anthony Scaramucci, launched a new fund to invest in mining companies.
Investment company SkyBridge BTC Mining L.P. has raised about $7 million.
SkyBridge created a fund for select limited partners to co-invest in private industrial mining company Genesis Digital Assets.
The hedge fund previously participated in a $431 million capital raising for Genesis.
According to the fund’s website, it has already invested in several publicly traded miners through its First Trust SkyBridge Crypto Industry and Digital Economy ETF and SkyBridge Digital Innovation.