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MiniMax M2

MiniMaxReleased Oct 27, 2025Open weights · Modified MITminimax-m2

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Reasoning
yes
Knowledge cutoff
January 2026
Context
197K tokens
Max output
128k tokens
Input
text
API features
tools, structured outputs, JSON mode, seed, logprobs
MiniMax's API
yes, as MiniMax-M2

Read Oct 23, 06:00 UTC from the hosts' published offers and OpenRouter, spec sheet from MiniMax · cutoff: aiknowledgecutoff.com

Lowest input, per M$0.26at Minimax
Cheapest cache, per M$0.03at Novita AI
Fastest25 tok/sat Minimax, on OpenRouter
Providers3serve this version

Run it yourself

open weights, Modified MIT · fits 1 of the 6 workstations in our guideSelf-host guide ›
Parameters
230B
10B active per token (MoE)
Memory needed
138 GB
in INT4 · 276 GB in INT8
Smallest cloud setup
2× H100
160 GB · $4.30/h, about $3,139 a month
Worth it above
2B tokens
a month, against the cheapest API at $1.27 per M
QuantizationMemorySmallest cloud GPUQuality
INT4 (Q4)138 GB2× H100 · $4.30/hsmallest footprint, minor quality loss
INT8 (Q8)276 GB4× H100 · $8.60/hnear-lossless
FP16 (full)552 GB8× H100 · $17.20/hreference quality

At home: in INT4 it fits a Mac Studio M5 Ultra (256 GB unified), about $9,499 once, or $0.3615/h over 3 years, electricity aside; it pays for itself after about 7B tokens against the cheapest API.

Memory ≈ parameters × bytes per parameter × 1.2 · cloud price: on-demand rate, running 24/7 · builds: GGUF, AWQ, MLX, GPTQ, Ollama · break-even calculator

Sorted by cache price
ProviderInputOutputCache ↑tok/sFirst tokenUptime 24hChecked
Novita AIprecision not stated · 200K ctx · 128K out$0.30$1.20$0.03———Oct 8
Minimaxfp8 · 200K ctx · 128K out−15%$0.26$1.02—250.74 s100%Oct 23
Googleprecision not stated · 192K ctx$0.30$1.20———13.3%Oct 22

3 of 3 providers · prices per million tokens, read Oct 23, 06:00 UTC · speed: OpenRouter, median of the last 30 min, read Oct 23, 06:00 UTC · uptime: OpenRouter, last 24 h · −N%: a discount off the host's list price · under each host: weights precision, context and max output as served, the maker's value in brackets when the host's differs

ProviderWeightsContextMax outputToolsStructured outputsReasoning
Minimaxfp8200K128Kyesnoyes
Googlenot stated by the host192Knot stated by the hostyesyesyes
Novita AInot stated by the host200K128K———

Weights, context and max output: read at each host's own catalogue or docs where its terms allow, otherwise as the host declares to OpenRouter; hover a cell for its source and date · tools, structured outputs, reasoning: as declared to OpenRouter · not verified by us

MiniMax M2 spec sheet, field by field, with sources

MiniMax M2 spec sheetmaker-declared

What MiniMax declares about the model itself — read from its own weights repository and documentation, not from any host. What each endpoint actually serves is in the pricing above: the two can differ, and both are true.

Context window
196,608 tokens
Parameters
228,689,764,864≈ 228.7B
Active experts
8 of 256 active per token
Weight precision
fp8
License
Modified MIT — open weights, conditionalcurated · read 2026-09-07Scope: the licence on the published weights, and nothing else. It is not the maker's acceptable-use policy, which is a separate document, and it is not the contract you sign with whichever host you call — hosts set their own terms, which this index does not read.
Knowledge cutoff
not published by the maker≈ January 2026 third-party estimate — not the maker's figurecurated
Modalities
text
Max output (official)
to verify
Release date
to verify≈ October 27, 2025 third-party catalogue — not the maker's figure
Maker lifecycle status
to verify

Also declared in the weights

Architecture class
MiniMaxM2ForCausalLM
Layers
62
Vocabulary
200,064 tokens
Weights first published
October 22, 2025
Weights last updated
December 23, 2025

MiniMaxAI/MiniMax-M2 · config.json @ 757303d · read 2026-10-08 · 6 of 10 fields published by the maker

ProviderChatbot 1,000 in / 500 outRAG / long context 8,000 in / 500 outBatch summarize 4,000 in / 1,000 out
Minimax$0.76$2.55$2.04
Google$0.90$3.00$2.40
Novita AI$0.90$3.00$2.40

What each host bills for 1,000 requests of a representative job

Your own workload

    Other MiniMax models · all its models, hosts and history ›