swcMinify regression found in 12.1.1 onwards

[hanford]

Verify canary release

• I verified that the issue exists in Next.js canary release

Provide environment information

MacOS 12.3
Node 16
Next 12.1.1+

Describe the Bug

Next 12.1.0 properly minified my app with swcMinify enabled, but stopped after 12.1.1 and continues not working to version (at least) 12.1.5-canary.1

Expected Behavior

The application should run without issue

To Reproduce

When building the application with swcMinify enabled, everything works as is on Next 12.1.0.

Upon upgrading to a later version of Next, rebuilding the application (pnpm build) and re-running (pnpm start) I immediately get runtime errors.

I've created a minimal reproduction below and can answer any questions or make any modifications to the repro case if it's helpful.

Reproduction of the bug:
https://github.com/hanford/bug-swcMinify-next-12.1.1

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