price of compute

NVIDIA H200 SXM rental price

Median $4.59/GPU-hr on-demand · $2.31/GPU-hr spot · across 5 providers · Updated 2026-08-11 04:38 UTC · Anatomy ↓

Price history

$0.00$1.25$2.50$3.75$5.00Aug 9Aug 10Aug 11$4.59$3.59$2.31

Each point is the daily cross-provider median for this SKU and pricing type (per-provider medians first, so no marketplace’s volume dominates). Gaps are gaps — we don’t interpolate missing data.

The spread: the same NVIDIA H200 SXM ranges from $4.00 to $7.15 per hour across tracked providers right now — a 1.8× difference. This is why we exist.

Where to rent it

ProviderTypeRegion$/GPU-hrSeen
DataCrunchDataCrunchSpot—$2.002026-08-11 04:38 UTC
CoreWeaveCoreWeaveSpot—$2.622026-08-11 04:38 UTC
RunPodRunPodCommunity—$3.592026-08-11 04:38 UTC
Vast.aiVast.aiSpotUS$3.952026-08-10 21:00 UTC
DataCrunchDataCrunchOn-demand—$4.002026-08-11 04:38 UTC
Vast.aiVast.aiOn-demandUS$4.342026-08-11 03:29 UTC
RunPodRunPodOn-demand—$4.592026-08-11 04:38 UTC
CoreWeaveCoreWeaveOn-demand—$6.302026-08-11 04:38 UTC
NebiusNebiusOn-demand—$7.152026-08-11 04:38 UTC

Prices are as listed by providers at scrape time; availability at a listed price isn’t guaranteed. Links marked ↗ may be affiliate links — they never affect prices shown or ordering.

Anatomy: why it costs this

Everything that has to exist before one H200 SXM-hour can be rented — then the arithmetic on the parts that can be priced honestly.

The foundry. Nearly every datacenter GPU is fabbed here — the tightest bottleneck in the chain.TSMC4N process · packagingThe memory feeding this SKU — for HBM parts, the second great bottleneck.SK hynix · MicronHBM3e · 141 GBDesign and the software moat — and most of the margin in the whole chain.NVIDIAGPU design & softwareHow this silicon becomes a rentable machine.Supermicro · Dell · Foxco…HGX/DGX & OEM serversFleets are financed; capital recovery is the largest slice of the hourly price.Capital marketsdebt & equityColo and hyperscale facilities; PUE lives here.Data centersland · shell · coolingGrid electricity including cooling overhead (PUE) — priced on the cost stack below.Power gridkWh per GPU-hourEvaporative-cooling upper bound — environmentally real, economically small.Waterliters per GPU-hourThe providers listing this SKU right now — the layer this site prices hourly.Clouds & marketplacesDataCrunch · Vast.ai · RunPod…The number this site tracks.You$4.59/GPU-hr median
Electricity$0.17/hr3.7%1.96 kWh from the grid
Water (upper bound)$0.011/hr0.3%≤ 2.3 L, priced high on purpose
Capital · facility · network · staff · margin$4.41/hr96.0%everything the operating inputs don't explain

Power basis: published full-system wall power (DGX H200: 10.2 kW ÷ 8) × PUE 1.54 × 8.71¢/kWh (1.96 kWh from the grid). Water bounded at 1.8 L/kWh and $5/m³ — deliberately high. The residual is hardware amortization, facility, staff, and margin — presented as a residual because vendors don’t publish server street prices, and we don’t print numbers we can’t stand behind.

Verified inputs & sources
Price alert

One email when the NVIDIA H200 SXM daily median hits your number. No account, one-shot, the alert retires after it fires.

NVIDIA H200 SXM and NVIDIA H200 NVL are tracked as separate SKUs — different interconnect, different performance, different market. Comparing them in one number would be wrong, so we don’t.

Last scrape: 2026-08-11 04:38 UTC · 1494 observations today across 16 providers · Failures logged, never interpolated.

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