The invention discloses a puffed feed for cold water fishes. The puffed feed for the cold water fishes is characterized by being composed of the following raw materials in parts by weight: 30-50 parts of fishmeal, 5-15 parts of bean meal, 10-15 parts of corn protein powder, 4-9 parts of spirulina powder, 6-10 parts of fish oil, 2-6 parts of beer yeast, 0.05-0.12 part of phosphate, 15-25 parts of flour, 0.8-1.1 parts of minerals, 0.9-1.5 parts of calcium dihydrogen phosphate, 0.08-0.11 part of trimethylamine oxide, 15-20 parts of oligosaccharides and 0.2-0.4 part of probiotics. The puffed feed for the cold water fishes is rational in proportion, as well as comprehensive and balanced in nutrition. By adding the oligosaccharides into the puffed feed, the prepared puffed feed has the effects of regulating gastrointestinal functions, increasing vitamin synthesis and enhancing immunity. The added probiotics are beneficial for improving the micro-flora in the intestinal tracts of the cold water fishes so as to promote digestion and absorption of the cold water fishes to the puffed feed, and thereby improve the immunity of the cold water fishes as well as effectively reduce the mortality rates.