[MiniMax's July Token Consumption Soars to 20 Times January Levels, August ARR Surpasses $800 Million] According to Deep Tide TechFlow, on August 26, MiniMax disclosed during its mid-2026 performance briefing that the company's annual recurring revenue (ARR) for August has exceeded $800 million. Second-quarter revenue grew 81.8% compared to the first quarter, and July's token consumption reached 20 times that of January. Contributions from B-end business now account for over 80% of the overall ARR. MiniMax stated that in terms of computing power, the company is one of the two independent large-model companies in China to first establish a scalable, long-term stable infrastructure system. The infrastructure is now capable of independently supporting the largest training tasks, with ETTR (Effective Training Time Ratio) reaching 97%.