Riot Platforms: enters custody agreement with BitGo Bank & Trust

What happened

• Riot Platforms, Inc. reported that on Oct 7, 2026 it entered into a BitGo Custodial Services Agreement with BitGo Bank & Trust, National Association, amended on Oct 14, 2026 (the "Custody Agreement").
• The company said it entered into the Custody Agreement in connection with the transfer of its custody relationship from NYDIG Trust Company LLC to BitGo Bank & Trust, and that the digital assets and cash held by NYDIG Trust for the company will be transferred to BitGo Bank & Trust, with the company's Digital Asset Custodial Agreement with NYDIG Trust terminating automatically upon completion of that transfer.

Key details (bullet points)

• BitGo Bank & Trust will hold the company's digital assets in segregated custodial accounts maintained solely for the company, except assets may be held transiently in an omnibus account at the company's direction to settle trades or if the company elects settlement services.
• The company retains title to its digital assets; assets are held in a custodial capacity and kept separate from BitGo Bank & Trust's proprietary assets.
• The Custody Agreement has an initial term of 1 year and automatically renews for successive 1-year terms unless either party gives at least 60 days' notice of non-renewal; the company may terminate early upon 14 days' prior written notice without payment of an early termination fee (as provided by the amendment).
• BitGo Bank & Trust's liability is limited to fees paid or payable during the 6 months preceding the event giving rise to a claim, subject to exceptions including fraud, willful misconduct and gross negligence; the agreement also requires BitGo Bank & Trust to maintain commercially reasonable insurance coverage for the custodial services.

Why it may matter

• This item is Item 1.01: entry into a material definitive agreement. The filing covers a custodial services agreement under which BitGo Bank & Trust will serve as custodian for the company's digital assets and cash.
• The filing does not show why the insider traded or why the company acted.