Anthony Scaramucci, who founded SkyBridge Capital, has created a new investment vehicle designed to invest in bitcoin mining, according to a Securities and Exchange Commission (SEC) filing.  After years of specializing in high-profile hedge funds, he now hopes to pivot SkyBridge Capital toward digital assets.

“We feel so strongly about this opportunity that we’ve adapted and repositioned the firm to eventually be a leading cryptocurrency asset manager and adviser,” Scaramucci said in an interview. Scaramucci spoke ahead of a SALT event co-sponsored with FTX that will draw nearly 2,000 attendees to the Bahamas this week.

According to the filing, the investment vehicle, SkyBridge BTC Mining L.P., raised about $7 million.

As per a source familiar with the deal, SkyBridge created the fund so selected limited partners can co-invest in privately owned, industrial-scale bitcoin miner Genesis Digital Assets.

SkyBridge previously invested in Genesis through a $431 million capital raise last year. This is SkyBridge’s second time investing in the mining company.

According to the fund’s website, it already owns equities in several publicly traded miners via the First Trust SkyBridge Crypto Industry and Digital Economy ETF and the SkyBridge Digital Innovation.

Some of the miners in the two funds include Core Scientific (CORZ), Bitfarms (BITF), Marathon Digital (MARA), Iris Energy (IREN), Riot Blockchain (RIOT), Hut 8 Mining (HUT), Cipher Mining (CIFR), CleanSpark (CLSK) and TeraWulf (WULF).

Genesis said in November it would build a 300-megawatt self-hosted bitcoin mining data center in West Texas.

Genesis Digital Assets is different from CoinDesk parent company Digital Currency Group’s crypto lending company, Genesis.

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