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Mining & Infrastructure · 1 min read

Riot Platforms Ends NYDIG Agreement, Moves Bitcoin Custody to BitGo

The Bitcoin miner finalized the transfer of its digital assets to BitGo Bank & Trust without incurring early termination fees.

Editorial oversight: Julian Mercer, Chief Editor
Neutral
$BTC $78,263 +1.6%

At a glance

What happened
Riot Platforms completed the transfer of its digital assets to BitGo Bank & Trust, terminating its NYDIG custody agreement as of Oct. 29, 2026.
Why it matters
The change shifts custody for one of the largest public Bitcoin miners to BitGo Bank & Trust without incurring early termination fees.
Who is affected
Riot Platforms, Inc., BitGo Bank & Trust, and NYDIG Trust Company LLC.
Takes effect
2026-10-29
What's next
No next step announced.
Primary source
SEC EDGAR — Riot Platforms (RIOT) 8-K: 8-K - Current report

Key points

  • Riot Platforms terminated its custodial agreement with NYDIG Trust on Oct. 29, 2026 1.
  • The miner completed the transfer of all its digital assets to BitGo Bank & Trust without termination penalties 1.
  • Riot also issued its Q3 2026 financial and operating results on Nov. 4, 2026 1.

Riot Platforms, Inc. ended its digital asset custody contract with NYDIG Trust Company LLC after transferring its bitcoin holdings to BitGo Bank & Trust, National Association, according to a Form 8-K filed with the US Securities and Exchange Commission on Nov. 4, 2026 1.

The custodial agreement with NYDIG Trust, originally dated Nov. 1, 2023, terminated automatically on Oct. 29, 2026, once the asset transfer was completed 1. Under the previous agreement, NYDIG stored the miner's $BTC in cold storage wallets under Riot's name for an annual fee calculated on the daily average US dollar value of the assets 1. Riot stated that it did not incur any penalties for ending the contract early 1.

Custodial Shift and Financial Disclosures

The company's digital assets are now custodied by BitGo Bank & Trust under a custodial services agreement initially disclosed in an SEC filing on Oct. 14, 2026 1.

Alongside the custody update, Riot announced on Nov. 4, 2026, that it published its third-quarter financial results and operations deck for the period ended Sept. 30, 2026 1. The migration reflects institutional treasury repositioning as Bitcoin traded at $78,225 at the time of writing.

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Sources

  1. [1] 8-K - Current report — SEC EDGAR — Riot Platforms (RIOT) 8-K, November 4, 2026

Written by Basis Desk's newsroom system from the primary sources above and machine-verified against them before publication. Market figures marked "at the time of writing" come from live exchange data. Report an error: corrections@basisdesk.news · corrections policy.

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