Bank of Nova Scotia Acquires 5.62% Stake in CleanSpark, Inc.

On July 15, 2026, The Bank of Nova Scotia filed a Schedule 13G with the SEC, reporting a significant new ownership stake in CleanSpark, Inc. (CLSK). As of the event date on June 30, 2026, the Canadian financial institution acquired 14,791,062 shares of common stock, representing a 5.62% ownership interest in the company. This filing marks a substantial increase from a previous position of zero, crossing the 5% beneficial ownership threshold that triggers public disclosure requirements. The Bank of Nova Scotia reported sole voting and dispositive power over the entirety of the 14,791,062 shares. The filing was made under Rule 13d-1(b) as a foreign institution, with the filer certifying that its regulatory oversight in Canada is substantially comparable to U.S. standards. The transaction value at the time of the event was approximately $198.94 million. This move positions The Bank of Nova Scotia as a major institutional shareholder in the Henderson, Nevada-based sustainable bitcoin mining company.