# B200 neocloud index

> The GPUQuant B200 neocloud index: the on-demand list price of one B200 for one hour on the specialist GPU clouds that publish one, read from each provider’s own price list and averaged.

Updated 2026-09-06. Canonical: https://gpuquant.com/docs/market-data/b200-neocloud-index

## What it measures

One B200-hour at the on-demand list price on the specialist GPU clouds that publish one, read from each provider’s own price list, normalized to the eight-GPU node and averaged with every provider counting once. Fewer providers list a B200 than an H100, and two of those that do sell it by quote, so the panel is narrower and the providers at its edges pull the average more.

The B200 index is not like-for-like with the Silicon Data B200 index or the CME B200 contract: this is a specialist-cloud list price, and theirs is a blend across every segment of the market, because Silicon Data publish no neo-cloud-only B200 reading. The two are shown beside each other with that said.

## How it is built

From each provider's own price list, read every day. Only an on-demand rate against a stated configuration counts; a “from” floor, a reserved or committed rate, a spot or preemptible rate and a rate in a currency other than dollars are stored, labelled and kept out. Every quote is normalized to one GPU-hour on the eight-GPU node, a provider that has not republished holds its last reading forward, and the index is the average of the providers with every provider counting once, the same estimator as the reference price. The median is stored beside it.

16 providers are read; those whose published figure cannot be used are kept with the reason stated on their row. The rules and every provider's reading are on [The neocloud index](https://gpuquant.com/docs/neocloud-index), and the calculation version is **v2**.

## Publication

**Source**

GPUQuant

**Unit**

USD / GPU-hour

**Frequency**

Monthly: the price lists are read daily, and a month’s figure is the last reading taken in it

**Ticker**

None; a GPUQuant figure

## What GPUQuant shows

The whole history, with every provider's on-demand rate as a row under the index and its other rates, spot, reserved and committed, as rows of their own, read straight from its price list and never averaged. A rate that stopped being published ends where it ended.

On [Market Data](https://gpuquant.com/market-data) as GPUQuant Reference under B200.

## Reading it beside the others

-   [B200 reference price](https://gpuquant.com/docs/market-data/b200-reference-price): The hyperscaler list price of one B200-hour, the ceiling of the market.
-   [Silicon Data B200 index](https://gpuquant.com/docs/market-data/silicon-data-b200-index): Silicon Data's modelled figure, which counts negotiated and committed-use deals and sits below any list price.
-   [Ornn B200 index](https://gpuquant.com/docs/market-data/ornn-b200-index): Ornn's transacted figure, the prices B200 rentals actually cleared at.
-   [B200 forward curve](https://gpuquant.com/docs/market-data/b200-forward-curve): What the market expects the B200 rental index to be out to three years.
-   [B200 residual value](https://gpuquant.com/docs/market-data/b200-residual-value): What one B200 is still worth, from that curve.

## Sources

-   [The neocloud index](https://gpuquant.com/docs/neocloud-index), every provider read and the source page of each.