other material
confidence high
sentiment neutral
materiality 0.30
Riot Platforms shifts digital asset custody from NYDIG to BitGo Bank & Trust
Riot Platforms, Inc.
- Custody Agreement dated October 7, 2026, amended October 14, 2026, makes BitGo Bank & Trust, National Association custodian of Riot's digital assets and cash.
- Transfer from NYDIG Trust Company LLC; Riot's Digital Asset Custodial Agreement with NYDIG terminates automatically upon completion of the transfer.
- BitGo holds assets in segregated accounts solely for Riot, no commingling except transient omnibus use for trade settlement at Riot's direction; Riot retains title.
- Monthly fee based on average value of assets in custody; one-year initial term, auto-renews yearly, 60-day non-renewal notice, Riot may exit early on 14 days' notice with no termination fee.
- BitGo liability capped at six months of fees paid or payable, except fraud, willful misconduct and gross negligence; full agreement to be filed with FY2026 Form 10-K.