llmrun

MiniMax M2 vs Mistral Medium 3.5 128B

MiniMax M2 and Mistral Medium 3.5 128B match in llmrun Score, with values of 104.0 versus 102.1; neither fits 24 GB.

Run MiniMax M2 in the cloud →

Model A · MiniMax

MiniMax M2
104.0llmrun Score

228.7B · 11B active · 192K context · Other · Oct 2025

ChatFunctions

127.7B · 256K context · Other · Mar 2026

ChatFunctions

Which should you choose?

Choose Mistral Medium 3.5 128B if you want…

  • Fits a Mac 64 GB

    IQ3_S · 60.5 GB; MiniMax M2 needs 65.3 GB at its smallest quant

  • Lighter on memory

    77.7 vs 137.8 GB at Q4_K_M

  • Longer context window

    256K vs 192K tokens

  • Newer release

    Mar 2026 vs Oct 2025

MiniMax M2: no clear edge over Mistral Medium 3.5 128B in the data we have.

On your hardware

Each model at its default quant (Q4_K_M), a smaller one when it must. Estimates, ±20%.

8 GB

RTX 4060 · 8 GB tier

MiniMax M2

Doesn't fit

smallest quant needs 65.3 GB

Mistral Medium 3.5 128B

Doesn't fit

smallest quant needs 41.3 GB

12 GB

RTX 3060 12GB · 12 GB tier

MiniMax M2

Doesn't fit

smallest quant needs 65.3 GB

Mistral Medium 3.5 128B

Doesn't fit

smallest quant needs 41.3 GB

16 GB

RTX 5060 Ti 16GB · 16 GB tier

MiniMax M2

Doesn't fit

smallest quant needs 65.3 GB

Mistral Medium 3.5 128B

Doesn't fit

smallest quant needs 41.3 GB

24 GBreference

RTX 4090 · 24 GB tier

MiniMax M2

Doesn't fit

smallest quant needs 65.3 GB

Mistral Medium 3.5 128B

Doesn't fit

smallest quant needs 41.3 GB

32 GB

RTX 5090 · 32 GB tier

MiniMax M2

Doesn't fit

smallest quant needs 65.3 GB

Mistral Medium 3.5 128B

Doesn't fit

smallest quant needs 41.3 GB

48 GB

RTX A6000 · 48 GB tier

MiniMax M2

Doesn't fit

smallest quant needs 65.3 GB

Mistral Medium 3.5 128B

IQ2_S · ~12 tok/s

46.1 GB · up to 16Kfits

Mac 32 GB

Mac Mini M4 · Macs

MiniMax M2

Doesn't fit

smallest quant needs 65.3 GB

Mistral Medium 3.5 128B

Doesn't fit

smallest quant needs 41.3 GB

Mac 64 GB

Mac Studio M4 Max · Macs

MiniMax M2

Doesn't fit

smallest quant needs 65.3 GB

Mistral Medium 3.5 128B

IQ3_S · ~7 tok/s

60.5 GB · up to 16Kfits

Mac 128 GB

Mac Studio M4 Max · Macs

MiniMax M2

Q3_K_L · ~37 tok/s

119.6 GB · up to 32K

Mistral Medium 3.5 128B

Q4_K_M · ~5 tok/s

82.8 GB · up to 128Kmore headroom

Reference GPU: RTX 4090. Tinted cell = the better pick on that machine (fits, more headroom, or at least 10% faster).

llmrun Score

with its 90% range · bars share one scale

Overall

MiniMax M2

104.099–109

Mistral Medium 3.5 128B

102.197–107

Coding

MiniMax M2

no data

Mistral Medium 3.5 128B

102.296–108

Agents

MiniMax M2

104.6100–110

Mistral Medium 3.5 128B

no data

Science

MiniMax M2

no data

Mistral Medium 3.5 128B

101.380–123

Reasoning

MiniMax M2

no data

Mistral Medium 3.5 128B

101.593–110

MiniMax M2 · #46 of 106 open models · #26 of 82 that fit ≤192 GB

Mistral Medium 3.5 128B · #53 of 106 open models · #20 of 62 that fit ≤96 GB

Benchmarks

The two models share no benchmark board.

16 more boards (other shared and single-model boards)

MiniMax M2

1343.5#81/188 open

ArenaLMArena · Oct 2026

Mistral Medium 3.5 128B

1426.4#28/188 open

ArenaLMArena · Oct 2026

MiniMax M2

1297.1#47/55 open

ArenaLMArena · Oct 2026

Mistral Medium 3.5 128B

1264.0#50/55 open

ArenaLMArena · Oct 2026

Only Mistral Medium 3.5 128B (9)

VRAM by quantization

Memory to load the model and 2K context; below it, the total at 32K and 128K context. Lighter side in bold.

Q2_K

MiniMax M2

97.8 GB83.3 GB file

32K 102 GB · 128K 114 GB

Mistral Medium 3.5 128B

55.3 GB46.6 GB file

32K 66.4 GB · 128K 102 GB

Q3_K_S

MiniMax M2

101 GB98.7 GB file

32K 105 GB · 128K 117 GB

Mistral Medium 3.5 128B

56.9 GB54.4 GB file

32K 68.0 GB · 128K 103 GB

Q3_K_M

MiniMax M2

112 GB109.3 GB file

32K 116 GB · 128K 128 GB

Mistral Medium 3.5 128B

63.3 GB60.6 GB file

32K 74.4 GB · 128K 110 GB

Q4_0

MiniMax M2

115 GB129.5 GB file

32K 119 GB · 128K 131 GB

Mistral Medium 3.5 128B

64.9 GB71.0 GB file

32K 76.0 GB · 128K 111 GB

Q4_K_M

MiniMax M2

138 GB138.3 GB file

32K 142 GB · 128K 154 GB

Mistral Medium 3.5 128B

77.7 GB74.9 GB file

32K 88.7 GB · 128K 124 GB

Q5_K_M

MiniMax M2

164 GB162.3 GB file

32K 167 GB · 128K 180 GB

Mistral Medium 3.5 128B

92.0 GB88.3 GB file

32K 103 GB · 128K 139 GB

Q6_K

MiniMax M2

189 GB187.8 GB file

32K 193 GB · 128K 206 GB

Mistral Medium 3.5 128B

106 GB102.6 GB file

32K 117 GB · 128K 153 GB

Q8_0

MiniMax M2

229 GB243.1 GB file

32K 233 GB · 128K 246 GB

Mistral Medium 3.5 128B

129 GB132.9 GB file

32K 140 GB · 128K 175 GB

18 more quants

IQ2_XXS

MiniMax M2

63.5 GB74.0 GB file

32K 67.4 GB · 128K 79.8 GB

Mistral Medium 3.5 128B

36.2 GB34.9 GB file

32K 47.2 GB · 128K 82.7 GB

IQ2_XS

MiniMax M2

69.2 GB63.1 GB file

32K 73.1 GB · 128K 85.6 GB

Mistral Medium 3.5 128B

39.4 GB43.4 GB file

32K 50.4 GB · 128K 85.9 GB

IQ2_S

MiniMax M2

72.0 GB63.4 GB file

32K 75.9 GB · 128K 88.4 GB

Mistral Medium 3.5 128B

41.0 GB46.1 GB file

32K 52.0 GB · 128K 87.5 GB

IQ2_M

MiniMax M2

77.7 GB78.1 GB file

32K 81.6 GB · 128K 94.1 GB

Mistral Medium 3.5 128B

44.1 GB44.1 GB file

32K 55.2 GB · 128K 90.7 GB

IQ3_XXS

MiniMax M2

89.2 GB93.6 GB file

32K 93.1 GB · 128K 106 GB

Mistral Medium 3.5 128B

50.5 GB49.3 GB file

32K 61.6 GB · 128K 97.0 GB

Q2_K_S

MiniMax M2

not listed

Mistral Medium 3.5 128B

52.1 GB43.0 GB file

32K 63.2 GB · 128K 98.6 GB

IQ3_XS

MiniMax M2

94.9 GB93.8 GB file

32K 98.8 GB · 128K 111 GB

Mistral Medium 3.5 128B

53.7 GB54.9 GB file

32K 64.8 GB · 128K 100 GB

IQ3_S

MiniMax M2

97.8 GB98.7 GB file

32K 102 GB · 128K 114 GB

Mistral Medium 3.5 128B

55.3 GB54.5 GB file

32K 66.4 GB · 128K 102 GB

IQ3_M

MiniMax M2

103 GB104.0 GB file

32K 107 GB · 128K 120 GB

Mistral Medium 3.5 128B

58.5 GB59.5 GB file

32K 69.6 GB · 128K 105 GB

Q3_K_L

MiniMax M2

118 GB108.2 GB file

32K 122 GB · 128K 134 GB

Mistral Medium 3.5 128B

66.5 GB67.0 GB file

32K 77.6 GB · 128K 113 GB

IQ4_XS

MiniMax M2

123 GB121.9 GB file

32K 127 GB · 128K 140 GB

Mistral Medium 3.5 128B

69.7 GB67.1 GB file

32K 80.8 GB · 128K 116 GB

IQ4_NL

MiniMax M2

129 GB129.0 GB file

32K 133 GB · 128K 146 GB

Mistral Medium 3.5 128B

72.9 GB70.9 GB file

32K 83.9 GB · 128K 119 GB

Q4_1

MiniMax M2

129 GB143.2 GB file

32K 133 GB · 128K 146 GB

Mistral Medium 3.5 128B

72.9 GB78.5 GB file

32K 83.9 GB · 128K 119 GB

Q4_K_S

MiniMax M2

129 GB130.0 GB file

32K 133 GB · 128K 146 GB

Mistral Medium 3.5 128B

72.9 GB71.2 GB file

32K 83.9 GB · 128K 119 GB

Q4_K_L

MiniMax M2

not listed

Mistral Medium 3.5 128B

79.3 GB79.6 GB file

32K 90.3 GB · 128K 126 GB

Q5_K_S

MiniMax M2

158 GB157.5 GB file

32K 162 GB · 128K 174 GB

Mistral Medium 3.5 128B

88.8 GB86.2 GB file

32K 99.9 GB · 128K 135 GB

Q5_K_L

MiniMax M2

not listed

Mistral Medium 3.5 128B

93.6 GB92.1 GB file

32K 105 GB · 128K 140 GB

BF16

MiniMax M2

458 GB457.5 GB file

32K 462 GB · 128K 474 GB

Mistral Medium 3.5 128B

256 GB250.1 GB file

32K 268 GB · 128K 303 GB

How to run each

Specifications

Specifications of MiniMax M2 and Mistral Medium 3.5 128B
SpecMiniMax M2Mistral Medium 3.5 128B
PublisherMiniMaxMistral AI
Parameters228.7B127.7B
Active parameters11B per token—
ArchitectureMiniMaxM2ForCausalLMMistral3ForConditionalGeneration
Context192K tokens256K tokens
ModalitiesChat, Function-callingChat, Function-calling
LicenseOtherOther
ReleasedOct 2025Mar 2026

Frequently Asked Questions

Which is better, MiniMax M2 or Mistral Medium 3.5 128B?

MiniMax M2 and Mistral Medium 3.5 128B match in llmrun Score, with values of 104.0 versus 102.1; neither fits 24 GB. Choose Mistral Medium 3.5 128B for fits a Mac 64 GB and lighter on memory.

Which needs less VRAM, MiniMax M2 or Mistral Medium 3.5 128B?

At Q4_K_M, MiniMax M2 requires 137.8 GB while Mistral Medium 3.5 128B needs 77.7 GB, making Mistral Medium 3.5 128B the easier model to run on your local setup.

Can I run MiniMax M2 or Mistral Medium 3.5 128B on a 16 GB GPU?

MiniMax M2 does not fit (smallest quant needs 65.3 GB); Mistral Medium 3.5 128B does not fit (smallest quant needs 41.3 GB).

Which has a longer context window, MiniMax M2 or Mistral Medium 3.5 128B?

MiniMax M2 supports 196,608 tokens and Mistral Medium 3.5 128B supports 262,144 tokens.

MiniMax M2 vs Mistral Medium 3.5 128B — VRAM & GPU Comparison | llmrun