MiniMax: With over 236 million users, 214,000+ enterprise customers and developers

March 2, 2025 — Hong Kong-listed firm MINIMAX-WP (00100.HK) announced Wednesday that its MiniMax platform has cumulatively served over 200 countries and regions as of December 31, 2025, with more than 236 million users and 214,000 enterprise customers/developers from 100+ countries/regions. In February 2026, MiniMax rolled out its M2.5 model, hitting top global benchmarks in productivity use cases including programming, tool calling, and office productivity. For coding, M2.5 set a new industry record on the SWE-BenchVerified test, with a 37% efficiency gain over the prior M2.1 generation. Most notably, M2.5 delivers infinitely scalable economic efficiency for complex agent operations: running 100 tokens per second continuously for an hour costs just $1, meaning $10,000 can keep 4 agents operating 24/7 for a year. The model’s capability breakthrough has spurred rapid usage growth — M2.5 quickly dominated the OpenRouter platform post-launch. Each iteration (M2 → M2.1 → M2.5) has delivered major improvements in both capabilities and adoption. As of February 2026, average daily token consumption for M2-series text models is up over 6x from December 2025, while token usage for the CodingPlan feature has jumped over 10x.