Riot completes digital asset custody transfer, terminates agreement with NYDIG
Original headlineRiot 完成数字资产托管转移，与 NYDIG 协议终止
Not investment advice. Muhabbit scores how much a story may matter, not which way to trade.
Riot Platforms moved its digital assets from NYDIG Trust to BitGo Bank & Trust, with the custody agreement with NYDIG automatically terminating on October 29 upon completion of the transfer. The original agreement, signed November 1, 2023, had NYDIG holding Riot's bitcoin in cold wallets and charging an annual fee based on the average daily USD value of the custodied bitcoin. Riot said the termination incurred no early termination penalty, and the assets are now held by BitGo under a previously disclosed custody services agreement. The shift swaps one institutional bitcoin custodian for another as Riot continues to hold its mined bitcoin rather than sell it. Investors will watch whether the transition affects Riot's reported bitcoin holdings or custody costs in upcoming filings.
Muhabbit's AI wrote this summary in its own words from TechFlow's report and translated it from Chinese. It can get details wrong, so check the source.
Named in this story
Riot Platforms (RIOT), BitGo, NYDIG, Bitcoin (BTC)
A linked name opens that asset's sentiment page.