MiniMax Stock Surges Over 92% from Recent Lows, Market Cap Reaches HK$124.96 Billion

MiniMax shares rose over 19% today to HK$357.8, bringing its total market capitalization to HK$124.96 billion. The stock has climbed 92.15% since hitting a low of HK$186.2 on July 27. The company previously reported that July token consumption reached 20 times that of January, with Q2 revenue growing 81.8% sequentially and August ARR exceeding $800 million. First-half revenue reached $117 million, a 283.1% year-over-year increase, surpassing the total revenue for the previous year.