Mini Max, Token consumption in July went up 20 times as fast as ARR in August

On the evening of 26 August, Mini Max disclosed at the mid-term performance session of 2026 that the company ' s annual recurrent revenue (ARR) for August had exceeded $800 million, that income for the second quarter had increased by 81.8 per cent over the first quarter of the ring, that token consumption had increased 20 times in July, and that B-end operations had contributed more than 80 per cent to the overall ARR. Mini Max stated that, in terms of arithmetic, the company was one of the first two independent large model companies in the country to establish a scalable, long-term stable infrastructure system. The infrastructure has been able to independently support the largest training mission, ETTR (Effictive Trading Time Ratio, Effective Training Time Ratio), which has reached 97 per cent。