Riot Platforms Completes Bitcoin Custody Transfer to BitGo Following Multi-Billion Infrastructure Pivot

Riot Platforms has finalized the migration of its digital asset custody from NYDIG Trust Company to BitGo Bank & Trust without incurring early termination fees. The new arrangement provides segregated custodial accounts with commercial insurance protections. The shift follows a broader balance sheet realignment, in which Riot sold 20,264 BTC during the first nine months of 2026 to raise approximately $1.5 billion for data center and infrastructure development. As of September 30, Riot held 2,418 BTC valued at roughly $202 million and $748.2 million in cash, having also repaid a $200 million credit facility with Coinbase Credit.