MiniMax revenue surges 283% as Agent usage drives 20x token consumption
新智元 · wechat · 2026-08-27
MiniMax reported H1 revenue of $116.6 million, up 283% year-over-year, with ARR reaching $800 million in August. B2B revenue surged 703%, and token consumption in July was 20 times that of January, driven largely by Agent applications rather than consumer chat. Founder Yan Junjie outlined a strategy to "minimize inference cost, maximize intelligence," utilizing MoE and proprietary MSA architectures to reduce costs without shrinking model size. Upcoming models M3.1 and the 3T-parameter M3Pro will further enhance Agent capabilities and cut inference costs. Additionally, the open-source H3 video model has surpassed 24 million downloads.
Related event: MiniMax H1 Revenue Up 283%, ARR Tops $800M as Enterprise Business Surges(8 posts)→
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