price of compute

AMD Instinct MI300X rental price

Median $2.69/GPU-hr on-demand · across 2 providers · Updated 2026-08-11 04:38 UTC · Anatomy ↓

Price history

$0.00$0.75$1.50$2.25$3.00Aug 9Aug 10Aug 11$2.69

Each point is the daily cross-provider median for this SKU and pricing type (per-provider medians first, so no marketplace’s volume dominates). Gaps are gaps — we don’t interpolate missing data.

The spread: the same AMD Instinct MI300X ranges from $2.39 to $2.99 per hour across tracked providers right now — a 1.3× difference. This is why we exist.

Where to rent it

ProviderTypeRegion$/GPU-hrSeen
RunPodRunPodOn-demand$2.392026-08-11 04:38 UTC
Hot AisleHot AisleOn-demand$2.992026-08-11 04:38 UTC

Prices are as listed by providers at scrape time; availability at a listed price isn’t guaranteed. Links marked ↗ may be affiliate links — they never affect prices shown or ordering.

Anatomy: why it costs this

Everything that has to exist before one Instinct MI300X-hour can be rented — then the arithmetic on the parts that can be priced honestly.

The foundry. Nearly every datacenter GPU is fabbed here — the tightest bottleneck in the chain.TSMC5nm + 6nm chiplets process · …The memory feeding this SKU — for HBM parts, the second great bottleneck.SK hynix · Micron · Samsu…HBM3 · 192 GBDesign and the software moat — and most of the margin in the whole chain.AMDGPU design & softwareHow this silicon becomes a rentable machine.Supermicro · Dell · LenovoOAM/UBB 8-GPU platformsFleets are financed; capital recovery is the largest slice of the hourly price.Capital marketsdebt & equityColo and hyperscale facilities; PUE lives here.Data centersland · shell · coolingGrid electricity including cooling overhead (PUE) — priced on the cost stack below.Power gridkWh per GPU-hourEvaporative-cooling upper bound — environmentally real, economically small.Waterliters per GPU-hourThe providers listing this SKU right now — the layer this site prices hourly.Clouds & marketplacesRunPod · Hot AisleThe number this site tracks.You$2.69/GPU-hr median
Electricity$0.10/hr3.7%1.16 kWh from the grid
Water (upper bound)$0.007/hr0.3%≤ 1.4 L, priced high on purpose
Capital · facility · network · staff · margin$2.58/hr96.0%everything the operating inputs don't explain

Power basis: vendor GPU TDP only — full-server draw runs meaningfully higher × PUE 1.54 × 8.71¢/kWh (1.16 kWh from the grid). Water bounded at 1.8 L/kWh and $5/m³ — deliberately high. The residual is hardware amortization, facility, staff, and margin — presented as a residual because vendors don’t publish server street prices, and we don’t print numbers we can’t stand behind.

Verified inputs & sources
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One email when the AMD Instinct MI300X daily median hits your number. No account, one-shot, the alert retires after it fires.

Last scrape: 2026-08-11 04:38 UTC · 1494 observations today across 16 providers · Failures logged, never interpolated.

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