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The B200 is the first Blackwell-generation datacenter GPU to reach on-demand cloud rental, at roughly twice the hourly list price of an H100. It is the second of the two GPUs CME Group and Silicon Data plan to list rental-index futures on.
Global median across 2 providers and 9 regions, Aug 2026.
Jun 2026: Google Cloud enters the benchmark. A step here is a change in what is being measured, not a price move.
Azure: Azure publishes GB200 NVL, a rack-scale Grace-Blackwell system, but no standalone eight-GPU B200 node. Blending the two would compare different machines.
Prices are Linux on-demand list prices for the B200 180GB HGX, eight-GPU node, normalized to one GPU-hour. How the benchmark works
Newest month GPUQuant holds. Each provider figure is the median of its own regional prices, so a provider that publishes more regions does not count for more.
| Provider | Regional median | GPU-month | Lowest region | Highest region | Regions | History begins |
|---|---|---|---|---|---|---|
| AWS | $14.24 | $10,396 | $14.24us-east-1 | $20.08ap-south-1 | 4 | Jun 2025? |
| Azure | Not currently offered?Azure publishes GB200 NVL, a rack-scale Grace-Blackwell system, but no standalone eight-GPU B200 node. Blending the two would compare different machines. | |||||
| Google Cloud | $16.11 | $11,760 | $16.11us-central1 | $19.33asia-southeast1 | 5 | Jun 2026? |
One dot per region, at the lowest eligible price published there. The bar spans that provider's cheapest to dearest region.
| AWS | us-east-2 | $14.2416 |
| AWS | us-west-2 | $14.2416 |
| AWS | us-east-1 | $14.2416 |
| Google Cloud | us-west1 | $16.1100 |
| Google Cloud | us-central1 | $16.1100 |
| Google Cloud | us-east1 | $16.1100 |
| Google Cloud | europe-west4 | $17.7210 |
| Google Cloud | asia-southeast1 | $19.3320 |
| AWS | ap-south-1 | $20.0807 |
9 eligible offerings across 9 regions. The benchmark uses the lowest eligible price in each region, so where a provider lists several equivalent nodes only the cheapest enters the median.
The reference price has not moved since this series began. A list price that holds for months is normal, not a gap in the data.
Azure publishes GB200 NVL, a rack-scale Grace-Blackwell system, but no standalone eight-GPU B200 node. Blending the two would compare different machines.
AWS p6-b200 and Google Cloud a4-highgpu-8g.
A rack-scale system in which Blackwell GPUs are coupled to Grace CPUs over NVLink and sold as a different machine. Azure publishes GB200 NVL but no standalone eight-GPU B200 node, which is why Azure shows no eligible B200 offering.
A later product with more memory per GPU. AWS already lists p6-b300; it is recorded but not part of the v1 model set.
Every figure on this page is one GPU for one hour. Providers do not publish that number, so GPUQuant derives it.
AWS prices the whole instance. GPUQuant divides the Linux on-demand hourly rate by the GPU count in the AWS price file, which matches the count in the AWS instance specification tables.
Azure prices the whole virtual machine and its size name does not encode a GPU count, so GPUQuant divides by a count read from the Microsoft size-series documentation.
Google prices accelerators, vCPU and memory as separate SKUs, so GPUQuant rebuilds the complete machine price from its components before dividing by GPU count. Anything less would compare a bare accelerator against two whole machines.
Large-model training and high-throughput inference.
Memory-bound inference and training of larger models.
Established training and inference workloads, and price-sensitive capacity.
B200 is one of the two GPUs in the planned CME Group and Silicon Data rental-index futures. What that means. GPUQuant's reference price is an independently calculated list-price benchmark and is not the settlement index for Silicon Data B200 Rental Index Futures.
Sources: AWS EC2 Price List, Azure Retail Prices API, Google Cloud Billing Catalog. GPU counts are read from the provider specification tables named on each offering row. See methodology for the full definition. Providers currently publishing: Amazon Web Services, Google Cloud.