NYDIG Custodial Agreement
Company: TeraWulf
The claim, verbatim
Digital Asset Custodial Agreement with NYDIG Trust Company LLC effective March 10, 2022 for bitcoin cold storage custody with annual fee based on daily average 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 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 states the March 10, 2022 custodial agreement, the cold storage custody role, and the daily-average-value annual fee.
Confirmed in the source:
- TeraWulf entered a Digital Asset Custodial Agreement with NYDIG on March 10, 2022
- Under the agreement NYDIG holds TeraWulf's bitcoin in cold storage as custodian
- NYDIG charges an annual fee equal to a percentage of custodied bitcoin based on its 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 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”