NYDIG digital asset custodial agreement for bitcoin cold storage
Company: TeraWulf
The claim, verbatim
Digital Asset Custodial Agreement with NYDIG Trust Company LLC for holding company's bitcoin in cold storage with annual custodial fees based on percentage of daily average custodied bitcoin value
Source (primary)
TeraWulf S-3/A filed 2023-02-14 (SEC EDGAR, sec_filing)
View cached copy (2026-09-13)Live source ↗
Quote: “On March 10, 2022, we entered into a Digital Asset Custodial Agreement with NYDIG (the "NYDIG Custodial Agreement") pursuant to which NYDIG holds our bitcoin in cold storage as custodian in a digital asset account in the Company's name (the "Digital Asset Account"), In exchange for its custodial services, NYDIG charges an annual fee equal to a percentage of our custodied bitcoin, based on its daily average value in U.S. Dollars.”
How we checked this
Checked on September 21, 2026. The cited source supports every part of this claim.
The document establishes the agreement date, cold-storage custody, and the percentage-based annual fee tied to daily average value.
Confirmed in the source:
- TeraWulf entered a Digital Asset Custodial Agreement with NYDIG on March 10, 2022
- NYDIG holds the company's bitcoin in cold storage as custodian
- NYDIG charges an annual fee equal to a percentage of custodied bitcoin based on daily average value in U.S. Dollars
What we did: Read our cached copy of SEC EDGAR (https://www.sec.gov/Archives/edgar/data/1083301/000108330123000016/tmb-20230214xs3a.htm) in full (141,155 characters, retrieved September 13, 2026) and checked each assertion in the claim against it.
Additional evidence
confirms TeraWulf S-3/A filed 2023-02-14
Quote: “On March 10, 2022, we entered into a Digital Asset Custodial Agreement with NYDIG (the "NYDIG Custodial Agreement") pursuant to which NYDIG holds our bitcoin in cold storage as custodian in a digital asset account in the Company's name (the "Digital Asset Account"), In exchange for its custodial services, NYDIG charges an annual fee equal to a percentage of our custodied bitcoin, based on its daily average value in U.S. Dollars.”