Wet-chemical co-precipitation was used to create Co0.5MgxCu0.5−xFe2O4 nano-ferrites (x = 0.0, 0.2, 0.3, and 0.4). XRD, FT-IR, HRTEM, and EDX analyses were used to confirm each sample’s single-phase spinel cubic crystal structure. The crystallite size was calculated from the XRD data and determined to be between (11.1570 and 16.1457 nm), with a lattice constant between (8.359 to 8.387Å). The two absorption bands found in the FTIR data were utilized to show metal cation and oxygen bond stretching at tetrahedral and octahedral positions, as well as to calculate the elastic moduli. The elemental composition and structural behavior of every sample were examined using FE-SEM and EDS. The magnetic parameters were also estimated based on the VSM data, the contribution of magnetic anisotropy (K), and the magnetic interaction by Neel’s and Y-K-type magnetism modify as the Mg2+ ion substitution increases, thus we must consider how this variation in cation distribution affects all of these factors. As per the ferromagnet theory, ions originating from the magnetic tetrahedral A and octahedral B sites engage in super-exchange interactions with one another. Anti-ferromagnetic alignment occurs as a result (MB-MA). Magnetization occurs as a result.