Summary by Moomoo AI
Riot Platforms entered into a Prime Broker Agreement with Coinbase on December 16, 2024, establishing comprehensive digital asset services including custody, trade execution, lending, and post-trade credit. Under the agreement, Coinbase will securely store Riot's digital assets in segregated cold wallets with offline private key storage and maintain commercially reasonable insurance coverage.The agreement outlines key provisions including information security protocols, prompt notification requirements for data security incidents, and mutual indemnification terms. Either party can terminate the agreement with 30 days' notice, though Coinbase retains the right to immediately suspend services upon an Event of Default.Separately, Riot filed a prospectus supplement on December 20, 2024, registering the resale of 180,000 shares of common stock by XMS Capital Partners, LLC. These shares were originally issued on December 19, 2019, and transferred to the selling stockholders on December 12, 2024.
