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GPU rental prices

H100 about $2.88/hr, up 44% since December

Status: calm
Trend: steady
Layer: 1. Collateral loses value
Evidence dated: Oct 24, 2026
Source: FourWeekMBA: H100 rent hits $2.88 an hour
Checked: Oct 26, 2026

Score

Score 0 of 100 · news 0. Hard data is scored against its own last few years: a normal day is 0, worse than 90% of its history is 80. The GPU cushion rows are the exception: they’re scored on fixed lines, explained on the how it works page.

Collateral cushion

What an hour of rent pays against what the chip costs to own. Above 1×, rent pays back the chip, its power and its space over a normal life. Below 1×, owners lose money on every hour but usually keep renting all the way down to the cash cost, so full cost isn’t a hard floor. We score on our mid case and Silicon Data Neo-Cloud rental index (SDH100RT, SDB200RT) (standardised observations).

Rent: index prices as reported in the news, credited and shown here, not offered as data. Costs: our mid case, worked out from the inputs below.
Chip	Rent an hour	Full cost	Cash cost	Cushion	Over cash	$ per PF-hour	Rent from
H100	$2.88 Oct 24	$2.34	$0.76	1.23×	3.81×	$2.91	source
B200	$6.45 Oct 24	$3.03	$1.05	2.13×	6.16×	$2.87	source

Shown for comparison, never averaged in or scored: H100 $3.03 on Ornn Compute Price Index (OCPI) (executed trades, Oct 25, source); B200 $9.70 on Ornn Compute Price Index (OCPI) (executed trades, Oct 25, source). The indexes measure different things, so they don’t match.

H100 full cost $2.34 an hour ($1.72 to $3.20 across our three cases)

Paying off the chip $1.58 · Power $0.18 · Space $0.46 · Other running costs $0.12

B200 full cost $3.03 an hour ($2.28 to $4.26 across our three cases)

Paying off the chip $1.98 · Power $0.25 · Space $0.64 · Other running costs $0.15

Every cost input, with its source

Input	Value	Source	As of	Status
Power price	$0.0871/kWh	EIA Monthly Energy Review, table 9.10: average US industrial electricity price, May 2026	May 31	attributed
Cooling overhead (PUE)	1.2 / 1.3 / 1.54 cheap / mid / dear	Uptime Institute: mapping PUE trends by data center region, age and size (Oct 2025) Uptime Institute Global Data Center Survey 2025	Jul 1	derived, attributed
Data center space	$190/kW-month / $210/kW-month / $235/kW-month cheap / mid / dear	CBRE Global Data Center Trends 2026: Northern Virginia asking rents, 250-500 kW CBRE Global Data Center Trends 2026: Northern Virginia and Chicago asking rents, 250-500 kW	Mar 31	attributed, derived
Useful life	6 years / 5 years / 4 years cheap / mid / dear	CoreWeave 10-K: technology equipment depreciated over six years Amazon 10-K FY2024: subset of servers cut from six years to five SiliconANGLE: resetting GPU depreciation (Nebius at four years before 2026)	Jan 1	attributed, derived
Cost of capital	9.42% / 12% / 15.5% cheap / mid / dear	CoreWeave $2.6B GPU-backed loan (DDTL 5.5) at SOFR + 5.50%, with SOFR 3.92% on Oct 23, 2026 Blend of secured GPU loans (~9.4%) and CoreWeave unsecured notes (15-16%) CNBC: CoreWeave's 2031-32 notes yielding 15-16%	Oct 21	derived, verified
Hours actually rented	85% / 80% / 75% cheap / mid / dear	Ornn: A100 occupancy rose from 74% to 90%, Mar-Sep 2026	Sep 30	derived
Other running costs	5%	SemiAnalysis: how much do GPU clusters really cost	Oct 26	derived
B200 Price per GPU, installed	$46,000 / $50,000 / $55,000 cheap / mid / dear	AMCompute: HGX B200 server values (node $360-470k, Oct 2026)	Oct 26	derived
B200 Power per GPU, with its server	1.7875 kW	NVIDIA DGX B200 datasheet: ~14.3 kW max per 8-GPU system	Oct 25	verified
B200 Compute (dense BF16)	2.25 PF	NVIDIA DGX B200: 2.25 PF dense BF16 per GPU	Oct 25	attributed
B200 Memory bandwidth	8 TB/s	NVIDIA DGX B200: 8 TB/s HBM3e per GPU	Oct 25	attributed
H100 Price per GPU, installed	$36,000 / $40,000 / $42,000 cheap / mid / dear	Jarvislabs: NVIDIA H100 price guide 2026	Oct 26	derived
H100 Power per GPU, with its server	1.275 kW	NVIDIA DGX H100 user guide: 10.2 kW max per 8-GPU system	Oct 25	verified
H100 Compute (dense BF16)	0.989 PF	NVIDIA H100 Tensor Core GPU (SXM): 989 TFLOPS dense BF16	Oct 25	attributed
H100 Memory bandwidth	3.35 TB/s	NVIDIA H100 Tensor Core GPU (SXM): 3.35 TB/s	Oct 25	attributed

What happened

Nothing new from the big indexes since Oct 24, when Silicon Data had H100 at $2.88 and B200 at $6.45 an hour and Ornn had B200 up to $9.57 in October. Search snippets also show list prices going up, like Nebius lifting on-demand H100 to $4.50 from $3.85 on Oct 1 (unverified, didn't open the page). Collateral's still holding its value.

What we watch

What an H100 or B200 rents for by the hour, against what the chip costs to own: the collateral cushion. Rent near full cost, or falling for several weeks, is watch; rent below full cost, or down more than about 15% in a month, is flashing.

Past readings

Checked	Status	Trend	Reading
Oct 26, 2026	calm	steady	H100 about $2.88/hr, up 44% since December
Oct 25, 2026	calm	easing	H100 about $2.88/hr, up 44% since December