joulemathNVIDIA H200 rental price per hour, specs and profit per kW
Short answer: on November 10, 2026 one H200 rented for $3.59 an hour on RunPod Community, a median $4.08 on Vast.ai (4 offers) and $5.40 on Nebius on demand. The Ornn index of real neocloud trades settled much higher, at $7.17 on November 9, up 19.3% in 30 days. Here is why the gap is so wide and what an H200 earns per kilowatt.
Last updated November 10, 2026.
How much does an H200 cost per hour right now?
Between $3.17 and $7.17 per GPU-hour, depending on where you rent. Self-serve clouds and marketplaces sit at $3.59 to $5.40. The Ornn index, built from transacted deals, sits at $7.17.
| Source | Date | H200 SXM | H200 NVL | Also |
|---|---|---|---|---|
| Ornn Compute Price Index (OCPI-H200) | Settled Nov 9, 2026, read Nov 10 | $7.17 | Not indexed | 1 day +5.1%, 7 days +0.7%, 30 days +19.3% |
| Nebius on-demand (published list) | Read Nov 10, 2026 | HGX H200 $5.40 | Not listed | Preemptible from $0.79 (dynamic spot) |
| RunPod Secure Cloud | Page "Updated November 4, 2026", read Nov 10 | $5.29 | Not listed | Billed per second |
| RunPod Community Cloud | Same page | $3.59 | Not listed | H100 SXM Community $2.69 |
| Vast.ai marketplace, 1 GPU (low / median / high) | API query Nov 10, 2026, 10:11 CET | $3.17 / $4.08 / $4.49 (4 offers) | $3.32 / $3.93 / $6.09 (16 offers) | NVL verified median $3.88 (9 of 16) |
Renter prices per GPU-hour. Our Vast query: rentable, not rented, on-demand, exactly one GPU; Vast lists "H200" and "H200 NVL" as separate cards, and we read "H200" as the SXM board. Thin sample: only four single-GPU H200 offers (hosts in Canada, Japan and Romania), one of them verified. Other GPUs side by side: GPU rental prices.
See live H200 offers on Vast.ai (affiliate link, we may earn a referral fee).
Why is the Ornn H200 index so much higher than RunPod or Vast?
Because they measure different things. Ornn says its OCPI-H200 is a volume-weighted average of transacted H200 rentals across neoclouds, "real trades, not scraped listings, surveys, or rate cards" (Ornn H200 index, read Nov 10). RunPod, Vast and Nebius are posted prices for one GPU you can grab right now. The index has also moved fast: its three-month range is $4.23 to $7.31, and it was $5.21 on October 12. Our read, not sourced: the trade index likely weights multi-GPU, dedicated deals more heavily than single-card marketplace listings, so treat $7.17 as what the market is clearing at and $3.59 to $5.40 as what a single self-serve card costs.
| Date (settle) | OCPI-H200 |
|---|---|
| Nov 9, 2026 | $7.17 |
| Nov 8, 2026 | $6.82 |
| Nov 3, 2026 | $7.31 (3-month high) |
| Nov 1, 2026 | $6.21 |
| Oct 26, 2026 | $6.21 |
| Oct 12, 2026 | $5.21 |
Source: Ornn Data, OCPI-H200 daily settles, read November 10, 2026.
What are the H200 SXM and H200 NVL specs?
| H200 SXM | H200 NVL | |
|---|---|---|
| Max TDP | Up to 700 W (configurable) | Up to 600 W (configurable) |
| GPU memory | 141 GB | 141 GB |
| Memory bandwidth | 4.8 TB/s | 4.8 TB/s |
| FP8 Tensor Core | 3,958 TFLOPS* | 3,341 TFLOPS* |
| Form factor | SXM (HGX H200, 4 or 8 GPUs) | PCIe dual-slot air-cooled |
| Interconnect | NVLink 900 GB/s, PCIe Gen5 128 GB/s | 2- or 4-way NVLink bridge 900 GB/s, PCIe Gen5 128 GB/s |
Source: NVIDIA H200 product page, read November 10, 2026 (*with sparsity; NVIDIA marks these as preliminary specifications).
Is an H200 worth the premium over an H100?
For big models that need memory, often yes. The H200 has 141 GB at 4.8 TB/s against 80 GB at 3.35 TB/s on the H100 SXM (NVIDIA H200, NVIDIA H100), at the same 700 W TDP. The price premium depends on where you look:
| Source | H100 SXM | H200 | H200 premium (our math) |
|---|---|---|---|
| Ornn index, settled Nov 9 | $3.30 | $7.17 | 2.17x |
| RunPod Community | $2.69 | $3.59 | 1.33x |
| Vast.ai median, 1 GPU, Nov 10 10:11 CET | $3.54 (8 offers) | $4.08 (4 offers) | 1.15x |
| Nebius on-demand | $4.50 | $5.40 | 1.20x |
On self-serve clouds you pay 15% to 33% more for 76% more memory, which is a good deal if the extra memory lets you run a model on fewer cards. More H100 numbers: H100 rent price per kW.
What does one kW of H200 earn per day?
Our assumptions, not sourced: about 1,000 W per H200 SXM all-in (NVIDIA's 700 W TDP plus about 300 W of server share, our add, same as our H100 page), so one kilowatt is about one GPU. Rented 70% of hours, power paid for all 24 hours.
| Power price | Ornn index $7.17/hr | Vast median $4.08/hr | RunPod Community $3.59/hr |
|---|---|---|---|
| Gross / kW / day | $120.46 | $68.54 | $60.31 |
| Net at $0.04/kWh | $119.50 | $67.58 | $59.35 |
| Net at $0.06/kWh | $119.02 | $67.10 | $58.87 |
| Net at $0.08/kWh | $118.54 | $66.62 | $58.39 |
| Net at $0.10/kWh | $118.06 | $66.14 | $57.91 |
Gross = rate × 24 × 70% × (1,000 W / 1,000 W). Net = gross minus 24 kWh of power. No platform cut, hosting, cooling markup or hardware cost. Our arithmetic on the prices above.
For scale: a kW of Antminer S21 XP (13.5 J/TH, Bitmain) grosses about $2.34 a day at the current hashprice. Hashprice $0.0316 per TH/s per day, computed November 11, 2026 at 11:52 UTC from the mempool.space API: BTC $74,003, difficulty 148.36 T, average reward 3.1447 BTC per block over the last 144 blocks.
machine_id in Fleet Check to pull live GPU occupancy and 36-month net returns.Open the per-kW calculator Benchmark Vast.ai machine ID
FAQ
How much does it cost to rent an H200?
On November 10, 2026: $3.59 per GPU-hour on RunPod Community Cloud and $5.29 on RunPod Secure Cloud, $5.40 on demand on Nebius, and a median $4.08 for one H200 on Vast.ai (4 offers, $3.17 to $4.49). H200 NVL on Vast had a median of $3.93 (16 offers). The Ornn index of real trades settled at $7.17 on November 9.
How much power does an H200 use?
NVIDIA lists the H200 SXM at up to 700 W TDP and the H200 NVL at up to 600 W, both configurable. A full server draws more per GPU; we assume about 1,000 W per SXM GPU all-in.
How much memory does the H200 have?
141 GB of GPU memory at 4.8 TB/s on both the SXM and NVL versions, per NVIDIA. The H100 SXM has 80 GB at 3.35 TB/s.
What does one kW of H200 earn per day?
At the $3.59 RunPod Community rate, 1,000 W all-in and 70% utilization, about $60.31 gross per kW per day, or about $58.87 after $0.06/kWh power. At the $7.17 Ornn rate it is about $120.46 gross, or $119.02 net. That is renter price, before platform cut and hardware.
Is the H200 more expensive than the H100?
Yes. On November 9 to 10, 2026 the H200 cost 1.15x the H100 SXM on the Vast.ai median, 1.20x on Nebius, 1.33x on RunPod Community and 2.17x on the Ornn trade index ($7.17 vs $3.30).
Does H200 rental beat Bitcoin mining per kW?
On gross revenue per kW, yes by a wide margin at current prices. But a GPU kW needs far more hardware money and only earns when rented, while an ASIC earns every hour it is on.
Related: mine vs AI calculator · H100 rent price per kW · A100 rent price per kW · RTX 4090 rent price and payback · rent out your own GPU · Fleet Check · GPU defaults and sources · ASIC profitability by model.
Prices change constantly; this page is updated by hand, last on November 10, 2026. Nothing here is financial advice.