Riot Platforms terminated its custody agreement with NYDIG, and its assets have been transferred to BitGo.

Riot Platforms disclosed in its 8-K filing that the digital asset custody agreement it entered into with NYDIG Trust Company in November 2023 was automatically terminated on October 29. All digital assets previously held in custody by NYDIG have been transferred to BitGo Bank & Trust and are now held by BitGo in accordance with the custody service agreement disclosed on October 14. Riot Platforms has not paid the early termination penalty. Under the original agreement, NYDIG used cold wallets to hold Riot Platforms' Bitcoin and charged an annual fee based on the average daily USD value of the custodied assets. Riot Platforms released its Q3 2026 financial results on November 4.