It's basically to fool your body into thinking you've got enough oxygen (since it's C02 buildup in the lungs that triggers the out of air signal to the brain, not the lack of oxygen).
Hence why hyperventilating for, say, free diving can cause one to black out without triggering the suffocation reflex as one returns to the surface of the water.
Many people assume metabolism is proportional to surface area based on the argument above. This idea was first proposed by Max Rubner in 1883. In the 1930’s, Max Kleiber proposed that metabolism increases according to body mass raised to the power 3/4. If metabolism were proportional to volume, the exponent would be 1. If it were proportional to surface area, the exponent would be 2/3. But Kleiber’s law says it’s somewhere in between, namely 3/4.
Its not clear which, if either, theory is correct. But both agree t
18 minutes without oxygen isn't far-fetched for humans. The Guinness world record for "longest time breath held voluntarily (male)" is a bit over 24 minutes.
So, yeah, that line in the article that says "no warm-blooded mammal can...come close to the naked mole-rat’s 18-minute record" seems to be painfully and stupidly wrong.
The interesting part is not that they survive for 18 minutes. The interesting part is that they do fine at 5% oxygen and that seemingly they (almost?) hold their breaths involuntarily after they pass out at lower levels.