it does have telemetry, enabled by default, that sends metrics to tracking.miui.com, including what model you are using. it can be turned off by environment variable (MIMOCODE_ENABLE_ANALYSIS=false), and yes it still has all the normal OpenCode provider logic so it will work with other/local models. it also automatically looks for updates and fetches a mimo model list, including when the telemetry is off, though those can also be disabled.

telemetry enabled by default and named "analysis" is not great.