SCHEDULE: Vanguard Discloses 5.08% Stake in Cleanspark Inc.

Vanguard Capital Management has reported beneficial ownership of over 13 million shares, representing 5.08% of Cleanspark Inc.'s common stock as of March 31, 2026.

Summary

• Vanguard Capital Management, along with its affiliates, has filed a Schedule 13G indicating beneficial ownership of 13,014,765 shares of Cleanspark Inc. common stock.
• This holding represents 5.08% of the total class of securities.
• The filing is made as of March 31, 2026, and reflects securities held in the ordinary course of business.
• Vanguard Capital Management has sole dispositive power over all 13,014,765 shares and sole voting power over 1,943,232 shares.

Sentiment

Score: 7

Explanation: StockSavvy.ai views this as a moderately positive development, as a major institutional investor like Vanguard increasing or maintaining a significant stake often signals confidence in the company's future prospects.

Positives

• Vanguard's significant stake suggests confidence in Cleanspark's long-term prospects, potentially attracting further institutional investment.
• The filing indicates that Vanguard funds and managed accounts have the right to receive dividends and proceeds from the sale of these securities, implying a direct financial interest.

Negatives

• The filing does not contain any negative financial information or operational concerns regarding Cleanspark Inc.

Risks

• The filing does not explicitly mention any risks associated with Cleanspark Inc.

Future Outlook

The filing itself is a disclosure of current ownership and does not contain forward-looking statements or guidance from Cleanspark Inc.

Management Comments

• "In accordance with SEC Release No. 34-39538 (January 12, 1998), this Schedule 13G reflects the securities beneficially owned, or deemed to be beneficially owned, by Vanguard Capital Management LLC and the following affiliates of Vanguard Capital Management LLC or business divisions of such affiliates: Vanguard Asset Management Limited, Vanguard Fiduciary Trust Company, Vanguard Global Advisers, LLC and Vanguard Investments Australia Ltd."
• "This Schedule 13G includes securities held by Vanguard funds, or sleeves thereof, over which Vanguard Capital Management LLC exercises dispositive power, in addition to securities held by clients over which the affiliates or business divisions of such affiliates indicated above exercise dispositive and/or voting power."
• "This Schedule 13G does not include securities, if any, beneficially owned by other subsidiaries or affiliates of Vanguard Capital Management LLC, or business divisions of such subsidiaries, whose ownership of securities is disaggregated from that of the reporting business unit in accordance with such release."
• "Vanguard Capital Management, including investment companies registered under the Investment Company Act of 1940 and other managed accounts, have the right to receive or the power to direct the receipt of dividends from, or the proceeds from the sale of, the securities reported herein."
• "By signing below I certify that, to the best of my knowledge and belief, the securities referred to above 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 and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect, other than activities solely in connection with a nomination under 240.14a-11."

Industry Context

StockSavvy.ai notes that Vanguard's increased stake in Cleanspark Inc., a company in the electric vehicle charging infrastructure sector, aligns with broader institutional investor interest in renewable energy and sustainable transportation solutions.

Stakeholder Impact

• Shareholders may view Vanguard's substantial ownership as a positive indicator of institutional support, potentially leading to increased stock stability and interest.
• Employees and management may see this as validation of the company's strategy, potentially boosting morale and confidence.

Next Steps

• Vanguard will continue to monitor its investment in Cleanspark Inc. and may adjust its holdings based on market conditions and company performance.

Key Dates

Recommendation

Vanguard's disclosure of a 5.08% stake is a significant indicator of institutional interest but does not provide operational or financial performance data for Cleanspark Inc. Therefore, a 'hold' recommendation is appropriate, suggesting investors maintain their current positions while awaiting further company-specific performance updates.

Keywords

Cleanspark Inc, Vanguard Capital Management, Schedule 13G, Beneficial Ownership, Common Stock, SEC Filing, Institutional Investor, EV Charging