Innopolis Tech

Performance indicators

2024: Revenue - ₽3,37 billion

In mid-April 2025, Innopolis Tech LLC, the company of the former Minister of Communications of Russia Nikolai Nikiforov, published financial results for 2024, according to which revenue amounted to ₽3,37 billion. The company's net profit for the reporting period reached ₽294,1 million, and the volume of net assets amounted to ₽3,27 billion.

As Inkazan.ru writes with reference to the data of the SPARK-Interfax service, the company's fixed assets exceed ₽6,3 billion. At the same time, the company's cash flow is negative, amounting to almost ₽9,5 million.

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Фото: TAdviser

A significant increase in financial indicators occurred after Innopolis Tech acquired a large batch of mining equipment from the Chinese company Bitmain in March 2024. This acquisition allowed the Tatarstan company to significantly increase the volume of operations and revenues from activities in the field of cryptocurrency mining.

According to Nikolai Nikiforov, the company's activities generate significant tax revenues. The organization transferred more than ₽200 million taxes and fees to the budgets of various levels.

The current (by April 2025) infrastructure of Innopolis Tech serves approximately every 2000 operation on the global network, which means that one of the 200 cryptocurrency operations passes through the equipment of the Tatarstan company.

By comparison, the company's financial performance over the previous period was significantly more modest. In 2023, Innopolis Tech's revenues amounted to ₽162,4 million, and expenses approached ₽108,5 million. Thus, in one year, the company managed to increase revenue by more than 20 times.^[1]

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