Why it Matters

Bitcoin miner CleanSpark Inc. ditched external lobbying firm Squire Patton Boggs to build internal advocacy. The shift comes as Congress considers major digital asset banking reforms. CleanSpark increased quarterly spending 33% to $80,000 for direct policy control.

By the Numbers

  • Q2 2025 Lobbying: $80,000 spent on in-house operations
  • Led by Margeaux Ries Plaisted, former GOP House staffer
  • Previously spent $60,000 across three months with external firm

Historical Spending

  • 2024: $190,000 across three in-house filings
  • 2025 Q1: $50,000 in-house, $40,000 external
  • Total 2025: $170,000 so far

Lobbying Team

  • Single lobbyist: Plaisted (VP Policy and Government Affairs)
  • Prior congressional experience: Rep. Jim Ramstad (R-MN) staff, 2003-2009

Broader Context

CleanSpark operates as one of America’s largest bitcoin miners. The company approaches 50 EH/s mining capacity and holds over 12,600 bitcoin. It mined 5,296 BTC in 2025 alone. The transition coincides with increased congressional focus on cryptocurrency regulation.

The Agenda

CleanSpark lobbies on banking reform for digital assets, financial regulations, and taxation. New Q2 issues include tariffs and trade policy. The company focuses on banking access problems facing crypto businesses. No specific legislation mentioned in current filings.

Competitive Landscape

Other bitcoin miners maintain active lobbying operations. Riot Platforms spent ~$400,000 in 2024-2025 on similar issues. Marathon Digital files consistent quarterly reports. Bitdeer Technologies focuses on supply chain concerns.

Between the Lines

Congress actively considers crypto-friendly legislation. The BITCOIN Act would create government bitcoin reserves. The GENIUS Act addresses stablecoin banking access. Sen. Tim Scott leads banking discrimination reforms. Ways & Means hearings examine mining tax treatment.

The Bottom Line

CleanSpark’s lobbying shift reflects growing policy sophistication among crypto companies. With major banking and tax legislation pending, direct advocacy provides better control. The strategy aligns with the company’s position as a leading U.S. bitcoin miner.

Spot something wrong? Report an issue with this article