Riot Platforms completes Bitcoin custody transfer from NYDIG to BitGo

Riot Platforms has completed the transfer of its digital assets from NYDIG Trust Company to BitGo Bank & Trust, formally ending a Bitcoin custody arrangement that had been in place since November 2023. Summary Riot Platforms completed the transfer of its digital assets from NYDIG to BitGo on October 29, formally ending a custody agreement that had been in place since November 2023. The company confirmed that it incurred no early termination penalties, while its new agreement with BitGo provides for segregated custody accounts and specific early exit provisions. Riot sold 20,264 BTC during the first nine months of 2026, generating approximately $1.5 billion primarily to finance its expanding data center operations. The Bitcoin miner ended September with 2,418 BTC valued at approximately $202 million, while its contracted data center capacity reached 1,151 megawatts. According to a November 4 SEC filing, the company’s previous custodial agreement terminated automatically on October 29 after the transfer was completed, with BitGo taking over responsibility for holding its digital assets. The Nasdaq-listed Bitcoin mining company confirmed that it did not incur any early termination...