According to Wu Blockchain, Bitcoin mining company Riot Platforms submitted an 8-K filing to the SEC, revealing that the company signed a custody agreement with BitGo Bank & Trust on October 7 and amended it on October 14 to transfer its digital assets and cash custody services from NYDIG Trust to BitGo. Under the agreement, BitGo will primarily safeguard Riot's digital assets through segregated custody accounts, ensuring they are not mixed with other clients' or its own assets, except in specific transaction settlement scenarios. The initial term of the agreement is one year, with automatic annual renewals thereafter. Riot can terminate the agreement with 14 days' prior notice without incurring early termination fees. BitGo will charge monthly fees based on the average value of the custodial digital assets and is required to maintain commercially reasonable insurance coverage. https://(wublock123.com)/news/riot-bitgo-custody-agreement-transfer-digital-assets-from-nydig-70081