SCHEDULE 13G/A: Vanguard Group Discloses Significant 8.59% Stake in Cleanspark Inc.

The Vanguard Group has reported an 8.59% beneficial ownership stake in Cleanspark Inc., holding over 24 million shares as of March 31, 2025.

Summary

• The Vanguard Group filed an Amendment No. 2 to Schedule 13G, disclosing its beneficial ownership in Cleanspark Inc. Common Stock.
• As of March 31, 2025, The Vanguard Group beneficially owns an aggregate of 24,145,612 shares of Cleanspark Inc.
• This ownership represents 8.59% of the total outstanding Common Stock of Cleanspark Inc.
• The Vanguard Group holds sole dispositive power over 23,471,703 shares and shared dispositive power over 673,909 shares.
• The firm has shared voting power over 333,285 shares and no sole voting power.
• The securities were acquired and are held in the ordinary course of business and not for the purpose of changing or influencing the control of Cleanspark Inc.

Sentiment

Score: 7

Explanation: The filing indicates significant institutional investment, which is generally positive for a company's perception, but it does not contain operational or financial performance data to assess the company's health directly. The 'ordinary course of business' statement is neutral to positive.

Positives

• A major institutional investor, The Vanguard Group, holds a significant stake (8.59%) in Cleanspark Inc., which can be viewed as a vote of confidence.
• The filing explicitly states that the shares were acquired and are held in the ordinary course of business, indicating a passive investment rather than an activist intent.

Future Outlook

This Schedule 13G filing does not provide forward-looking statements or guidance from Cleanspark Inc. or The Vanguard Group regarding Cleanspark's future performance or strategic direction.

Management Comments

• Ashley Grim, Head of Global Fund Administration for The Vanguard Group, certified that the securities were acquired and are held in the ordinary course of business and not for the purpose of changing or influencing the control of the issuer.

Industry Context

This filing reflects a standard institutional investment by a major asset manager, The Vanguard Group, in a publicly traded company, Cleanspark Inc. It indicates that Cleanspark Inc. is part of Vanguard's investment portfolios, likely through various index funds or actively managed funds, aligning with broader trends of institutional ownership in the market.

Comparison to Industry Standards

• This document is a standard Schedule 13G filing, which is a regulatory requirement for institutional investors acquiring more than 5% of a company's stock.
• The reported ownership percentage of 8.59% by The Vanguard Group is a significant stake, comparable to typical large institutional holdings in publicly traded companies across various sectors.
• No specific comparable companies, projects, or results are mentioned within this filing, as it focuses solely on Vanguard's ownership in Cleanspark Inc.

Stakeholder Impact

• Shareholders: The disclosure of a significant institutional investor like Vanguard holding a substantial stake may increase investor confidence and potentially attract other institutional investors, positively impacting share price perception.

Key Dates

Keywords

Cleanspark Inc, Vanguard Group, Schedule 13G, beneficial ownership, institutional investment, common stock, SEC filing, CLSK