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. 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.