Riot Completes Digital Asset Custody Transfer, Terminates Agreement with NYDIG

深潮 TechFlow reported on November 4 that, according to the Form 8-K filed by Riot Platforms with the U.S. Securities and Exchange Commission, the company's digital assets previously held in custody by NYDIG Trust have been transferred to BitGo Bank & Trust, and the digital asset custody agreement between Riot and NYDIG automatically terminated on October 29 upon completion of the transfer.

The agreement was signed on November 1, 2023. NYDIG had previously held Riot's Bitcoin in cold wallets and charged an annual fee based on the average daily USD value of Bitcoin held in custody. Riot said the termination of the agreement did not result in an early termination penalty, and the digital assets are now held by BitGo pursuant to the previously disclosed custody services agreement.

Source: 深潮 TechFlow