Exchange‐coupled hard–soft bi‐magnetic ferrites can be used as isolators, microwave absorption materials, filters, hyperthermia materials, and biosensors with improved energy properties. The nanocomposites with the chemical composition SrInxFe12‐xO4/Ni0.5Zn05Fe2O4 (where x varies from 0.00 to 0.04) have the advantages of both materials: spinel and hexaferrite. The combination of Sr‐hexaferrate with spinel ferrite results in proximity effects, reversal of magnetization in two stages, and blocking temperatures that can be tuned in bi‐magnetic hard and soft ferrites. It was found an anomalius kink in the hysteresis loops and two peaks in the switching field distribution at x ≤ 0.02. The exchange interaction on the surfaces of hard and soft nanoparticles explains the behavior of the magnetic characteristics.