Xiaomi may begin distributing stable builds of MIUI 12.5 in late February 2021, according to a new report. The release of MIUI 12.5 could well run into March 2021 too, despite its rumoured announcement next week.
https://www.notebookcheck.net/Stable-MIUI-12-5-builds-may-not-arrive-until-the-end-of-February-2021.511969.0.html