Riot Platforms, Inc. filed a current report on November 4, 2026, disclosing the automatic termination of its Digital Asset Custodial Agreement with NYDIG Trust Company LLC on October 29, 2026, and the concurrent release of its third-quarter 2026 operating results.

Key Highlights

  • Agreement terminated: The Digital Asset Custodial Agreement with NYDIG Trust Company LLC, originally dated November 1, 2023, terminated automatically on October 29, 2026.
  • Assets moved to BitGo: Riot Platforms' bitcoin holdings were transferred from NYDIG Trust to BitGo Bank and Trust, National Association, completing the transition disclosed on October 14, 2026.
  • No penalties incurred: According to the filing, the company did not incur any early termination penalties in connection with the termination of the NYDIG Custodial Agreement.
  • Prior custody structure: Under the NYDIG agreement, bitcoin was held in cold storage wallets in a digital asset account in the company's name, with an annual fee based on the daily average U.S. dollar value of bitcoin in custody.
  • Q3 2026 results released: On November 4, 2026, the company issued a press release and an earnings deck covering the three months ended September 30, 2026, attached as Exhibit 99.1 and Exhibit 99.2.
  • Signed by CFO: The report was signed by Jason Chung, Chief Financial Officer, on November 4, 2026.

Riot Platforms Completes Bitcoin Custody Transition From NYDIG to BitGo Bank and Trust

Riot Platforms, Inc. (NASDAQ:RIOT), a Nevada-incorporated bitcoin mining company headquartered in Castle Rock, Colorado, disclosed the automatic termination of its custodial arrangement with NYDIG Trust Company LLC. According to the filing, the NYDIG Custodial Agreement had been in place since November 1, 2023, and carried an initial one-year term that renewed automatically for successive one-year periods. Either party retained the right to terminate the agreement upon 30 days' written notice.

The filing states that the NYDIG Custodial Agreement terminated automatically on October 29, 2026, upon completion of the transfer of the company's digital assets to BitGo Bank and Trust, National Association. Under the prior arrangement, NYDIG Trust held the company's bitcoin in cold storage wallets in a digital asset account held in the company's name, in exchange for an annual fee calculated on the basis of the daily average U.S. dollar value of the bitcoin held in custody. The company reported that it did not incur any early termination penalties as a result of this transition.

Separately, also on November 4, 2026, Riot Platforms issued a press release and a business and financial update covering the three months ended September 30, 2026. The filing notes that this operational and financial information, including Exhibit 99.1 and Exhibit 99.2, is furnished and "shall not be deemed filed" for purposes of Section 18 of the Securities Exchange Act of 1934, nor incorporated by reference into other filings unless expressly set forth by specific reference.

What Was Disclosed

Riot Platforms disclosed the October 29, 2026 automatic termination of its November 1, 2023 custodial agreement with NYDIG Trust Company LLC, the completion of its bitcoin transfer to BitGo Bank and Trust, the absence of early termination penalties, and the release of its Q3 2026 earnings materials.