SCHEDULE 13G: Bank of Nova Scotia Discloses 6.2% Stake in Terawulf
Beneficial Ownership Report
Bank of Nova Scotia has reported a 6.2% beneficial ownership stake in Terawulf Inc., holding 27,383,209 shares of common stock.
Summary
- Bank of Nova Scotia has filed a Schedule 13G, disclosing its beneficial ownership in Terawulf Inc.
- The filing indicates ownership of 27,383,209 shares of Terawulf Inc. common stock, $0.001 par value per share.
- This represents 6.2% of the class of securities.
- Bank of Nova Scotia holds sole voting power and sole dispositive power over all 27,383,209 shares.
- The filing was made as a financial institution and parent holding company, organized in Ontario, Canada.
Sentiment
Score: 5
Explanation: The filing is a standard beneficial ownership disclosure (Schedule 13G) by a financial institution, which is inherently neutral in sentiment. It reports a factual stake without providing performance or forward-looking statements about the issuer.
Positives
- The disclosure of a significant stake by a major financial institution like Bank of Nova Scotia could be viewed positively by the market, indicating institutional interest and confidence in Terawulf Inc.
Negatives
- NA
Risks
- NA
Future Outlook
NA
Management Comments
- 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.
- 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.
Industry Context
NA
Stakeholder Impact
- Shareholders: The disclosure of a significant institutional investor may increase confidence and potentially attract further institutional interest, impacting share price.
Key Dates
| Date | Description |
|---|---|
| 12/31/2025 | Date of event which requires filing of this statement (reporting period end date) |
| 01/27/2026 | Date of filing and signature |
Keywords
Terawulf Inc., Bank of Nova Scotia, beneficial ownership, common stock, Schedule 13G, institutional investment, equity stake, financial institution
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