---
title: "Riot Platforms Ends NYDIG Agreement, Moves Bitcoin Custody to BitGo"
description: "The Bitcoin miner finalized the transfer of its digital assets to BitGo Bank & Trust without incurring early termination fees."
url: https://basisdesk.news/news/riot-platforms-transfers-custody-bitgo-ends-nydig-agreement
published: 2026-11-04T12:51:24.992Z
modified: 2026-11-04T12:51:24.992Z
section: Mining & Infrastructure
author: Basis Desk Newsroom (AI-generated, source-verified)
sentiment: neutral
tickers: [BTC]
tags: [custody, bitcoin-mining, sec-filing, bitgo, nydig]
license: Quote with attribution to Basis Desk (basisdesk.news). Not financial advice.
---

# 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.

## 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:** [8-K - Current report](https://www.sec.gov/Archives/edgar/data/1167419/000110465926122368/0001104659-26-122368-index.htm) — SEC EDGAR — Riot Platforms (RIOT) 8-K

## 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].

## Editorial remark

- **Context:** Riot Platforms had maintained its bitcoin custody agreement with NYDIG since November 2023, operating on auto-renewing one-year terms [1].
- **Impact:** Riot's digital assets are now fully held by BitGo Bank & Trust, ending NYDIG's asset-fee-based custody arrangement without penalty costs [1].
- **Watch:** Market participants will assess Riot's balance sheet details following the release of its Q3 2026 operational deck 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.

## Sources

1. [8-K - Current report](https://www.sec.gov/Archives/edgar/data/1167419/000110465926122368/0001104659-26-122368-index.htm) — SEC EDGAR — Riot Platforms (RIOT) 8-K, 2026-11-04

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