Experimental results on the properties of a recently discovered new collective state, the magnetofermionic condensate, are summarized herein. Condensation occurs in a fermionic system, a quantum Hall insulator (filling factor ν = 2), as a result of the formation of a dense ensemble of long-lived spin cyclotron magnetoexcitons, composite bosons. At temperatures below 1 K, the exciton ensemble exhibits a sharp enhancement in its response to an external electromagnetic field due to the formation of a super-absorbing state that interacts coherently with the electromagnetic field. Simultaneously, the electrons below the Fermi level rearrange to form a new non-equilibrium radiative recombination channel. The condensate shows a sharp decrease in viscosity and the ability to spread over macroscopically large distances, on the order of a millimeter, at a speed of ≈10 3 cm s −1 . Due to this rapid long-distance spin transfer, new opportunities in the field of spintronics have been opened up.