secwatch.observer — SEC 8-K summary
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Issuer:     Riot Platforms, Inc. (RIOT)
CIK:        0001167419
Form:       8-K
Filed at:   2026-10-14T20:30:33+00:00
Accession:  0001104659-26-115855
Event type: other_material
Sentiment:  neutral
Materiality: 0.30
Item codes: 1.01
LLM model:  deepseek-v4.1-flash:cloud@v2

Riot Platforms shifts digital asset custody from NYDIG to BitGo Bank & Trust
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- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1167419/000110465926115855/0001104659-26-115855-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1167419/000110465926115855/riot-20261007x8k.htm
  HTML page:      https://secwatch.observer/filing/0001104659-26-115855

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