I recently had someone describe a Mac Mini as a “workstation”, which I strongly disagree with. The Wikipedia page for Workstation [1] says that it’s a type of computer designed for scientific or technical use, for a single user, and would commonly run a multi-user OS.
The Mac Mini runs a multi-user OS and is designed for a single user. The issue is whether it is for “scientific or technical use”. A Mac Mini is a nice little graphical system which could be used for CAD and other engineering work. But I believe that the low capabilities of the system and lack of expansion options make it less of a workstation.
The latest versions of the Mac Mini (to be officially launched next week) have up to 64G of RAM and up to 8T of storage. That is quite decent compute power for a small device. For comparison the HP ML 110 Gen9 workstation I’m currently using was released in 2021 and has 256G of RAM and has 4 * 3.5″ SAS bays so I could easily put a few 4TB NVMe devices and some hard drives larger than 10TB. The HP Z640 workstation I have was released in 2014 and has 128G of RAM and 4*2.5″ SATA drive bays and 2*3.5″ SATA drive bays. Previously I had a Dell PowerEdge T320 which was released in 2012 and had 96G of RAM and 8*3.5″ SAS bays.
In CPU and GPU power the recent Mac Minis will compare well to my latest workstations. But they compare poorly to workstations from as much as 12 years ago for RAM and storage. Which is more important depends on the task, if you have to do calculations on 80G of data with lots of scans through the entire data set then a system with 64G of RAM will perform very poorly and a system with 96G and a CPU less than half as fast will perform better. A Dell PowerEdge T320 from 2012 fully loaded with 192G of RAM will outperform a modern Mac Mini on many tasks due to this and the T420 supported up to 384G.