#What is the latest development in crypto mining in Russia?
Finam, a prominent brokerage in Russia, has recently established a new crypto mining fund that is now registered with the central bank. This development positions the fund for share trading on the Moscow Exchange, anticipated to commence this week.
#How does Finam's fund operate?
The fund's infrastructure is based in Mordovia, utilizing state-of-the-art mining technology and gas-based energy solutions. This innovative approach aims to generate Bitcoin for its clients while capitalizing on decentralized finance tools.
The focus for Finam this year will be on building a robust platform for the fund, with projections suggesting a potential return of 40% in U.S. dollars starting next year.
#Is there more to Finam's strategy?
In addition to the current fund, Finam is exploring opportunities for additional mining funds and various crypto-related products. These may include structured bonds and arbitrage strategies, expanding their investment offerings.
#What are the regulatory conditions in Russia for crypto funds?
Russian regulations permit registered funds to participate in mining operations under the supervision of the Bank of Russia. Many miners in the country have turned to gas-powered facilities as a way to utilize local energy resources efficiently while minimizing costs.
In a related industry development, a Russian firm known as Silovye Sistemy launched a closed-end fund named 'Finam — Cryptoplant 1.0' aimed at qualified investors, also leveraging natural gas for energy production in June 2025.