“Last year, H100s were $8/hr if you could get them.”
Seven resale markets now rent H100s for under $2 an hour. Below $1.65 the hardware loses money over a five year life, and at $2.85 the return is barely above 10%. Providers locked customers into 3 to 5 year contracts at $4 an hour with up to 100% paid upfront. Fewer than 50 teams worldwide need the big training clusters everyone rushed to build.