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FTX billionaire Sam Bankman-Fried is eyeing distressed mining companies as potential acquisitions next after extending a credit line to BlockFi. The CEO of the exchange wants to stem the contagion affecting lenders and borrowers during the current bear market.

And Bankman-Fried’s other firm, Alameda Research, is providing a credit facility to crypto broker Voyager Digital after the company announced that embattled hedge fund Three Arrows Capital had defaulted on a $660 million loan.

For now, Bankman-Fried is focusing on mining companies struggling for enough cash to pay off their loans, which has an adverse effect on lenders’ balance sheets.

Canadian miner Bitfarms recently took out a loan from New York Digital Investment Group secured against mining ASICs. Anthony Scaramucci, who recently appeared on CNBC advising investors to remain disciplined during the current market downturn, went on record as saying that Bankman-Fried’s assistance of cryptocurrency firms draws comparisons with John Pierpont Morgan’s role as a lender of last resort to banks during the 1907 banking crisis.