SCHEDULE 13G/A: BlackRock Discloses 15.5% Stake in CleanSpark, Inc. Common Stock
Beneficial Ownership Disclosure
BlackRock, Inc. has filed an amended Schedule 13G, revealing a beneficial ownership of 15.5% of CleanSpark, Inc.'s common stock as of March 31, 2025.
Summary
- BlackRock, Inc. reported beneficial ownership of 43,632,921 shares of CleanSpark, Inc. common stock.
- This ownership represents 15.5% of the total class of CleanSpark, Inc. common stock.
- BlackRock holds sole voting power over 43,272,409 shares and sole dispositive power over 43,632,921 shares.
- The filing indicates that the securities were acquired and are held in the ordinary course of business, not for the purpose of changing or influencing control of CleanSpark, Inc.
- One of BlackRock's subsidiaries, iShares Core S&P Small-Cap ETF, holds more than five percent of CleanSpark Inc.'s total outstanding common stock.
Sentiment
Score: 5
Explanation: The document is a factual disclosure of beneficial ownership and does not contain information that would indicate a positive or negative sentiment regarding the issuer's performance or outlook.
Future Outlook
NA
Management Comments
- BlackRock, Inc. certifies that, to the best of its knowledge and belief, the securities were acquired and are held in the ordinary course of business and were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities.
Industry Context
This filing is a standard disclosure of a significant passive ownership stake by a major institutional investor, BlackRock, in a publicly traded company, CleanSpark, Inc. It reflects BlackRock's portfolio management activities rather than specific industry trends or competitive actions related to CleanSpark's core business.
Stakeholder Impact
- Shareholders: Increased visibility of significant institutional ownership, which may be viewed as a vote of confidence by a major asset manager.
Key Dates
| Date | Description |
|---|---|
| 2023-04-30 | Previous Power of Attorney date, which was revoked. |
| 2025-01-21 | Effective date of the new Power of Attorney. |
| 2025-03-31 | Date of event which requires the filing of this statement, reflecting the ownership position. |
| 2025-04-03 | Date of signature for the Schedule 13G filing. |
Keywords
BlackRock, CleanSpark, SEC filing, Schedule 13G, beneficial ownership, common stock, institutional investor, asset management
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