**[MiniMax: July Token Consumption Soars to 20 Times That of January]** Odaily Planet Daily News – On the evening of August 26, during its mid-2026 performance briefing, MiniMax disclosed that the company's annual recurring revenue (ARR) for August has exceeded $800 million. Revenue for the second quarter grew 81.8% compared to the first quarter. Token consumption in July reached 20 times that of January, and the contribution of B-end (business-to-business) operations to overall ARR has surpassed 80%. 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 an ETTR (Effective Training Time Ratio) reaching 97%.