Bank of Nova Scotia (Scotiabank) revealed a 7.7% passive stake in bitcoin mining company TeraWulf Inc. The disclosure came via a Schedule 13G filing with the U.S. Securities and Exchange Commission. The Canadian bank beneficially owns 39,824,376 shares of TeraWulf's common stock.
Investors use a 13G filing for stakes exceeding 5% without intent to influence or control the issuer. This represents an institutional investment in the cryptocurrency mining sector. In January 2026, the bank previously reported a 6.2% passive holding in TeraWulf.