Finam, one of the largest brokers in Russia, has registered a new crypto mining fund with the central bank and aims to start share trading on the Moscow Exchange as soon as this week, Finam President Vladislav Kochetkov announced recently on RBC Radio.

The fund’s computing infrastructure is situated in Mordovia, featuring modern miners and gas-powered energy solutions. The fund seeks to generate Bitcoin for clients through its mining operations while leveraging tools like DeFi.

This year, Finam will focus on building the fund platform, with projected returns of 40% in dollars from next year, Kochetkov stated.

The brokerage is also weighing additional mining funds and other crypto-linked products such as structured bonds and arbitrage strategies.

Russia permits registered funds to hold stakes in mining operations under Bank of Russia oversight. Gas-powered facilities have gained traction among domestic miners seeking to tap local energy resources while curbing expenses.

In June 2025, Russian firm Silovye Sistemy launched a closed-end fund called “Finam — Cryptoplant 1.0” for qualified investors, also relying on natural gas generation.