Bank of Nova Scotia discloses 5.62% CleanSpark (CLSK) ownership stake

Rhea-AI Filing Summary

Bank of Nova Scotia reports beneficial ownership of 14,791,062 shares of CleanSpark, Inc. common stock, representing 5.62% of that class. All of these shares are held with sole voting power and sole dispositive power, with no shared authority.

The Canadian federally chartered bank reports as a parent holding company under Rule 13d-1(b)(1)(ii)(G) and certifies that its foreign regulatory scheme is substantially comparable to that of functionally equivalent U.S. institutions.

Key Figures

Shares Beneficially Owned: 14,791,062 shares Percent of Class: 5.62 % Sole Voting Power: 14,791,062 shares +3 more

6 metrics

Shares Beneficially Owned 14,791,062 shares Common stock beneficially owned by Bank of Nova Scotia

Percent of Class 5.62 % Percentage of CleanSpark common stock class owned

Sole Voting Power 14,791,062 shares Shares over which Bank of Nova Scotia has sole voting power

Shared Voting Power 0 shares Shares over which Bank of Nova Scotia has shared voting power

Sole Dispositive Power 14,791,062 shares Shares over which Bank of Nova Scotia has sole dispositive power

Shared Dispositive Power 0 shares Shares over which Bank of Nova Scotia has shared dispositive power

Key Terms

Schedule 13G, beneficially owned, sole dispositive power, parent holding company, +1 more

5 terms

Schedule 13G regulatory

"Bank of Nova Scotia files as a parent holding company on Schedule 13G"

A Schedule 13G is a formal document that investors file with the government when they acquire a large ownership stake in a company, usually for investment purposes rather than control. It helps keep the public informed about who owns significant parts of a company's shares, which can influence how the company is managed and how investors make decisions. Filing this schedule is important for transparency and understanding the ownership landscape of publicly traded companies.

beneficially owned financial

"Amount <b>beneficially owned</b>: 14,791,062 shares of CleanSpark common stock"

Beneficially owned describes securities or assets where a person has the economic rights and control—such as the right to receive dividends and to direct voting—even if legal title is held in another name. Think of it like having the keys and using a car that’s registered to someone else: you get the benefits and make decisions. Investors care because beneficial ownership reveals who truly controls value and voting power, affecting corporate decisions and takeover dynamics.

sole dispositive power financial

"Sole Dispositive Power 14,791,062.00; Shared Dispositive Power 0.00"

Sole dispositive power is the exclusive legal authority to decide what happens to a security — for example, whether to sell, transfer, or retain shares — without needing anyone else’s permission. Investors care because it signals who truly controls the economic outcome of an investment: like holding the only key to a safe, the holder can realize gains or losses and may trigger regulatory reporting, insider rules, or influence over corporate ownership.

parent holding company regulatory

"A <b>parent holding company</b>, in accordance with 13d-1(b)(1)(ii)(g)"

foreign regulatory scheme regulatory

"certify that the <b>foreign regulatory scheme</b> is substantially comparable"

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Available on EDGAR 07/15/2026 - 11:34 AM Accepted by SEC EDGAR 07/15/2026 - 11:34 AM Learn about SEC filing dates

FAQ

What ownership stake in CleanSpark (CLSK) does Bank of Nova Scotia report?

Bank of Nova Scotia reports beneficial ownership of 14,791,062 CleanSpark common shares, equal to 5.62% of the class. This represents a significant institutional position in the company’s common stock, disclosed on a Schedule 13G as of the reported date.

Does Bank of Nova Scotia have sole or shared voting power over its CLSK shares?

Bank of Nova Scotia reports sole voting power over 14,791,062 shares and no shared voting power. This means the institution alone can vote or direct the vote for all shares it beneficially owns, without shared authority with other parties.

What dispositive power does Bank of Nova Scotia report over its CleanSpark (CLSK) shares?

The bank reports sole dispositive power over 14,791,062 shares and no shared dispositive power. Dispositive power refers to the ability to dispose of or direct the disposition of the shares, indicating full control over potential sales or transfers.

In what capacity is Bank of Nova Scotia reporting its CLSK holdings?

Bank of Nova Scotia reports as a parent holding company under Rule 13d-1(b)(1)(ii)(G). This indicates the position is held in an institutional capacity rather than as an individual investor, consistent with Schedule 13G reporting for certain regulated entities.

What is the citizenship and regulatory status of Bank of Nova Scotia in this CLSK disclosure?

The reporting person is identified as Bank of Nova Scotia, Canada (federal level). It certifies that its foreign regulatory scheme is substantially comparable to that applicable to equivalent U.S. institutions and agrees to provide additional information to Commission staff upon request.

SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

SCHEDULE 13G

UNDER THE SECURITIES EXCHANGE ACT OF 1934

CLEANSPARK, INC.

(Name of Issuer)

Common Stock

(Title of Class of Securities)

18452B209

(CUSIP Number)

06/30/2026

(Date of Event Which Requires Filing of this Statement)

Check the appropriate box to designate the rule pursuant to which this Schedule is filed:

Rule 13d-1(b)

Rule 13d-1(c)

Rule 13d-1(d)

schemaVersion:

SCHEDULE 13G

CUSIP Number(s): 18452B209

1

Names of Reporting Persons

BANK OF NOVA SCOTIA

2

Check the appropriate box if a member of a Group (see instructions)

(a)
(b)

3

Sec Use Only

4

Citizenship or Place of Organization

CANADA (FEDERAL LEVEL)

Number of Shares Beneficially Owned by Each Reporting Person With:

5	Sole Voting Power 14,791,062.00
6	Shared Voting Power 0.00
7	Sole Dispositive Power 14,791,062.00
8	Shared Dispositive Power 0.00

9

Aggregate Amount Beneficially Owned by Each Reporting Person

14,791,062.00

10

Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)

11

Percent of class represented by amount in row (9)

5.62 %

12

Type of Reporting Person (See Instructions)

FI

SCHEDULE 13G

Item 1.
(a)	Name of issuer: CLEANSPARK, INC.
(b)	Address of issuer's principal executive offices: 10624 S. EASTERN AVE., SUITE A - 638, HENDERSON, NEVADA 89052
Item 2.
(a)	Name of person filing: BANK OF NOVA SCOTIA
(b)	Address or principal business office or, if none, residence: 40 TEMPERANCE STREET TORONTO, Ontario, Canada M5H 0B4
(c)	Citizenship: BANK OF NOVA SCOTIA - CANADA (FEDERAL LEVEL)
(d)	Title of class of securities: Common Stock
(e)	CUSIP Number(s): 18452B209
Item 3.	If this statement is filed pursuant to §§ 240.13d-1(b) or 240.13d-2(b) or (c), check whether the person filing is a:
(a)	Broker or dealer registered under section 15 of the Act (15 U.S.C. 78o);
(b)	Bank as defined in section 3(a)(6) of the Act (15 U.S.C. 78c);
(c)	Insurance company as defined in section 3(a)(19) of the Act (15 U.S.C. 78c);
(d)	Investment company registered under section 8 of the Investment Company Act of 1940 (15 U.S.C. 80a-8);
(e)	An investment adviser in accordance with § 240.13d-1(b)(1)(ii)(E);
(f)	An employee benefit plan or endowment fund in accordance with § 240.13d-1(b)(1)(ii)(F);
(g)	A parent holding company or control person in accordance with § 240.13d-1(b)(1)(ii)(G);
(h)	A savings associations as defined in Section 3(b) of the Federal Deposit Insurance Act (12 U.S.C. 1813);
(i)	A church plan that is excluded from the definition of an investment company under section 3(c)(14) of the Investment Company Act of 1940 (15 U.S.C. 80a-3);
(j)	A non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J). If filing as a non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J), please specify the type of institution:
(k)	Group, in accordance with Rule 240.13d-1(b)(1)(ii)(K).
	A parent holding company, in accordance with 13d-1(b)(1)(ii)(g)
Item 4.	Ownership
(a)	Amount beneficially owned: 14,791,062
(b)	Percent of class: 5.62 %
(c)	Number of shares as to which the person has:
	(i) Sole power to vote or to direct the vote: BANK OF NOVA SCOTIA - 14,791,062
	(ii) Shared power to vote or to direct the vote: BANK OF NOVA SCOTIA - 0
	(iii) Sole power to dispose or to direct the disposition of: BANK OF NOVA SCOTIA - 14,791,062
	(iv) Shared power to dispose or to direct the disposition of: BANK OF NOVA SCOTIA - 0
Item 5.	Ownership of 5 Percent or Less of a Class.
	Not Applicable
Item 6.	Ownership of more than 5 Percent on Behalf of Another Person.
	Not Applicable
Item 7.	Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on by the Parent Holding Company or Control Person.
	Not Applicable
Item 8.	Identification and Classification of Members of the Group.
	Not Applicable
Item 9.	Notice of Dissolution of Group.
	Not Applicable

Item 10.	Certifications:
	By signing below I certify that, to the best of my knowledge and belief, the foreign regulatory scheme applicable to The Bank of Nova Scotia is substantially comparable to the regulatory scheme applicable to the functionally equivalent U.S. institution(s). I also undertake to furnish to the Commission staff, upon request, information that would otherwise be disclosed in a Schedule 13D.

SIGNATURE

After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.

BANK OF NOVA SCOTIA

Signature:	Raj Sachdeva
Name/Title:	Vice President, Head of GBM&T Compliance Canada
Date:	07/15/2026