Monitor for any future increase above 5% or conversion to Schedule 13D, which would signal a shift from passive to active engagement. The current filing indicates no such change.
Price Chart
Executive Summary
Bank of Nova Scotia filed an amendment to its Schedule 13G, reporting a passive stake of 25,621,429 shares (4.92%) in Terawulf Inc. as of September 30, 2026. The filing confirms the bank remains a passive investor below the 5% threshold, with no indication of activist intent.
Key Financial Metrics
Key Facts
- Bank of Nova Scotia reported beneficial ownership of 25,621,429 shares of Terawulf common stock.
- The stake represents 4.92% of shares outstanding, below the 5% reporting threshold.
- Filing is an amendment to Schedule 13G, confirming passive investor status under Rule 13d-1(b).
- Date of event triggering filing: September 30, 2026.
- Filing date: October 19, 2026.
Financial Impact
No material financial impact; passive stake below 5% with no change in control or activist intent.
Risk Factors
- Potential future accumulation above 5% could trigger market speculation about activist intent.
- Passive filing provides no insight into the bank's investment thesis or exit plans.
Investment Themes
Documents Analyzed
This report is based on 3 SEC documents filed with EDGAR.
| Document | Accession Number |
|---|---|
| SC 13G/A Filing (Primary) | 0000009631-26-000037 |
| Document: 0000009631-26-000037-index.html | 0000009631-26-000037 |
| Document: 0000009631-26-000037.txt | 0000009631-26-000037 |
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Oct 23, 2026 3d ago | 8-K | $11.28 | awaiting T+1 | — | $11.98 (+6.21%) |
Oct 19, 2026 7d ago | SC 13G/A | $12.06 $12.01 | ▼ −0.41% | ▼ −0.75% | $11.98 (−0.66%) |
Oct 5, 2026 21d ago | Press Release | $14.79 $14.97 | ▲ +1.22% | ▲ +0.67% | $11.98 (−19.00%) |
Oct 5, 2026 21d ago | 8-K | $14.79 $14.97 | ▲ +1.22% | ▲ +0.67% | $11.98 (−19.00%) |
Oct 5, 2026 21d ago | Press Release | $14.79 $14.97 | ▲ +1.22% | ▲ +0.67% | $11.98 (−19.00%) |
Sep 25, 2026 4w ago | SC 13G | $15.12 $15.09 | ▼ −0.20% | ▼ −0.01% | $11.98 (−20.77%) |
Sep 16, 2026 5w ago | Insider Cluster | $16.47 $17.01 | ▲ +3.28% | ▲ +3.40% | $11.98 (−27.26%) |
Sep 1, 2026 7w ago | Insider Cluster | $14.82 $16.23 | ▲ +9.51% | ▲ +8.47% | $11.98 (−19.16%) |
Aug 5, 2026 11w ago | 8-K | $18.07 $17.62 | ▼ −2.52% | ▼ −2.36% | $11.98 (−33.70%) |
May 26, 2026 21w ago | 8-K | $25.18 $26.74 | ▲ +6.20% | ▲ +6.18% | $11.98 (−52.42%) |
US Market Status
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