Best GPU Neoclouds 2026: CoreWeave, Nebius, Lambda, Crusoe, and Groq Ranked by Published Pricing and Contracted Power

The ‘neocloud’ label now covers five companies with very different business models. CoreWeave and Nebius are public companies that publish quarterly results and file reports with the SEC (CoreWeave on Form 10-Q, Nebius as a foreign private issuer on Form 6-K). Lambda and Crusoe are private and heading toward IPOs. Groq has run GroqCloud on its LPU architecture since 2024; after licensing that technology to NVIDIA in December 2025, the independent Groq refocused entirely on inference-cloud infrastructure. This article compares them on what actually matters to a buyer: published pricing, deployed and contracted power, hardware roadmap, contract structure, and independent quality ratings. TL;DR CoreWeave is the only Platinum-rated GPU cloud in SemiAnalysis ClusterMAX 2.0 and commands premium list pricing on H100, H200, and B200. Nebius is the only provider here publishing B300 on-demand pricing; Lambda publishes the lowest B200 on-demand rate. Lambda still publishes the cheapest on-demand B200 ($6.69/GPU-hr) but has no spot tier. Crusoe is the only provider here with AMD MI300X/MI355X on its rate card. Groq is now an NVIDIA Cloud Partner and plans to add NVIDIA GPU capacity alongside its LPU inference cloud. CoreWeave Q2 rev $2.575B, +112% YoYNebius AI cloud ARR $3.0BLambda B200 on-demand $6.69/hr, lowest publishedCrusoe 4.9 GW contracted, 40 GW+ pipelineGroq 13 DCs, 54 MW → 200+ MW in 2027CoreWeave first Vera Rubin NVL72 bring-upNebius $5.0B converts priced Aug 19Crusoe only AMD MI300X/MI355X on a rate cardLambda Michel Combes CEO, May 2026Groq $350M Series A at $3.5B, Aug 17CoreWeave Q2 rev $2.575B, +112% YoYNebius AI cloud ARR $3.0BLambda B200 on-demand $6.69/hr, lowest publishedCrusoe 4.9 GW contracted, 40 GW+ pipelineGroq 13 DCs, 54 MW → 200+ MW in 2027CoreWeave first Vera Rubin NVL72 bring-upNebius $5.0B converts priced Aug 19Crusoe only AMD MI300X/MI355X on a rate cardLambda Michel Combes CEO, May 2026Groq $350M Series A at $3.5B, Aug 17 Marktechpost · GPU neocloud ledger · 2026 CoreWeave / Nebius / Lambda / Crusoe / Groq Figures checkedAugust 21, 2026Primary sources where available MetricCoreWeaveNASDAQ: CRWVNebiusNASDAQ: NBISLambdaPrivate · IPO H2’26 (rep.)CrusoePrivate · ~$10B+GroqPrivate · $3.5B Published priceNVIDIA HGX H100 · $/GPU-hr $6.16 node price ÷ GPUs $3.85 HGX, on-demand $3.99 SXM, 8x instance $3.90 HGX, on-demand — per-token only Q2 2026 revenuelatest reported $2.58B +112% YoY · net loss $626M $582M +454% YoY · ARR $3.0B n/d >$520M FY Sep-25 (The Information) n/d private; ~$3B raise at ~$30B reported (Jul) n/d $1B raised in 2026 (Jun + Aug) Poweractive / contracted 1.5 GW 4.2 GW+ contracted · 51 DCs ~1 GW connected target YE26 · 5 GW contracted target n/d 15 US DCs · KC site 24→100+ MW ~0.2 GW Abilene energized · 4.9 GW contracted (Jun) 54 MW → 200+ MW in 2027 · 13 DCs ClusterMAX 2.0SemiAnalysis tier Platinum Only Platinum provider, 2 ratings running Gold Top of Gold tier Silver No spot tier; on-demand self-serve Gold Only AMD on the rate card Not rated Inference API at time of rating Anchor dealsdisclosed Meta, Anthropic, OpenAI ~$104B backlog (+>$25B early Q3) Microsoft $17.4B (to $19.4B) Meta $3B + up to ~$27B Microsoft multibillion, GB300 NVL72 NVIDIA ~$1.5B lease-back (rep.) Oracle/OpenAI Abilene 1.2 GW Microsoft 900 MW campus NVIDIA licensed LPU tech (~$20B rep.) 6M+ developers on GroqCloud Next-gen siliconstatus Aug 2026 Vera Rubin NVL72: first bring-up + validation (Q2) Vera Rubin NVL72 units received; validating Vera CPU + Quantum-X800 CPO launch partner Vera CPU launch support; MI355X via sales NVIDIA LPX (Groq tech); NCP certified Aug 12; GPU capacity planned Discounts & egresspublished Reserved up to 60% off · egress free Commit up to 35% off · network egress free (Std object egress $0.015/GiB) Sales-quoted · egress free · no spot Sales-quoted · egress free Per-token pricing · clusters sales-led Funding posture2026 $35–39B capex guide · $31B recourse debt · $3.1B term loan · $1B Jane Street $4.3B converts (H1) · $5.0B converts priced Aug 19 · $775M secured · >$9B prepayments expected $1.5B+ Series E (Nov) · $1B credit facility (May) · $350M pre-IPO (rep.) $1.375B Series E at >$10B · $7.1B JV construction loan (Abilene ph.2) $650M (Jun) + $350M Series A at $3.5B (Aug), NVIDIA participating Cheapest published $3.85 H100 on-demand at Nebius. Lambda has the lowest B200 at $6.69; Crusoe the lowest H200 at $4.29. Nebius is the only one listing B300 on-demand. Premium, and why +10–15% SemiAnalysis says CoreWeave commands that per GPU-hour over Nebius, Crusoe and Lambda on managed clusters. It is the only Platinum ClusterMAX provider, twice. What capacity really clears at $40M+ per MW on Q3 short-term deals at Nebius, versus ~$12M on its 2026 base. Four Q2 deals averaged >$1B each; 70% were prepaid. Marktechpost · AI Dev Signals Sources: CoreWeave Q2’26 release + pricing page · Nebius Q2’26 results, shareholder letter, pricing page · Lambda pricing page · Crusoe pricing page, Jun 9 ’26 release · Groq newsroom Dec ’25–Aug ’26 · SemiAnalysis ClusterMAX 2.0 1. Who these companies are in 2026 CoreWeave (Nasdaq: CRWV) reported Q2 2026 revenue of $2.575 billion, up 112% year over year, with a revenue backlog of roughly $104 billion. That backlog excludes more than $25 billion of new commitments added in early Q3. Active power reached 1.5 GW and contracted power reached about 3.7 GW as of June 30; CoreWeave’s data center page now states 4.2 GW+ contracted across 51 data centers. The company completed the industry’s first bring-up and validation of NVIDIA Vera Rubin NVL72 during the quarter. Net loss was $626 million, driven by $640 million in net interest expense. (CoreWeave Q2 2026 release, CoreWeave AI data centers page) Full-year 2026 guidance is $12.4–13.2 billion in revenue and $35–39 billion in capex. Management expects more than 1.85 GW of active power by year end. (CNBC) Nebius Group (Nasdaq: NBIS) reported Q2 2026 group revenue of $582.3 million, up 454% year over year. AI cloud revenue was $574.9 million, up 514%, with annualized run-rate revenue of $3.0 billion. The AI cloud segment posted a 49.7% adjusted EBITDA margin. Q2 capex was about $5.7 billion, and the company ended the quarter with $8.0 billion in cash. Nebius raised its year-end 2026 contracted power target to 5 GW and plans to deploy more than 1 GW per year starting in 2027. Lambda is private. It closed a Series E of more than $1.5 billion led by TWG Global in November 2025 and a $1 billion senior secured credit facility (J.P. Morgan lead arranger) in May 2026. Michel Combes, former CEO of SoftBank International and Sprint, became CEO in May 2026; co-founder Stephen Balaban moved to CTO. Lambda has a multibillion-dollar, multi-year agreement with Microsoft covering tens of thousands of NVIDIA GPUs, including GB300 NVL72 systems. The Information has reported an IPO target of H2 2026, but no public S-1 exists as of this writing. Crusoe is private. It raised a $1.375 billion Series E at a valuation above $10 billion in October 2025, led by Valor Equity Partners and Mubadala Capital. In July 2026, Bloomberg reported Crusoe was in talks to raise roughly $3 billion at a valuation near $30 billion. Crusoe builds the 1.2 GW Abilene, Texas campus for Oracle and OpenAI (the first Stargate site). In March 2026 it announced a separate 900 MW Abilene campus for Microsoft, bringing the full site to about 2.1 GW. On June 9, 2026, Crusoe said its contracted AI infrastructure reached 4.9 GW across five US campuses and Crusoe Cloud, with a development pipeline above 40 GW. Groq launched GroqCloud in March 2024 around its LPU inference chip. It changed shape in December 2025, when NVIDIA signed a non-exclusive license for Groq’s inference technology in a transaction reported by CNBC at about $20 billion. Founder Jonathan Ross, president Sunny Madra, and other staff joined NVIDIA. Groq stayed independent, and GroqCloud kept running. Since then, Groq raised $650 million in June 2026 and a $350 million Series A in August 2026 at a $3.5 billion valuation, with planned NVIDIA participation. Groq now operates 13 data centers and expects to scale from 54 MW to 200+ MW in 2027. On August 12, 2026 it joined the NVIDIA Cloud Partner program and said it plans to bring NVIDIA accelerated computing online “in the future”; that GPU capacity is not yet a published service. Adam Winter is CEO; Alex Davis of Disruptive is Executive Chairman. 2. Published on-demand pricing (per GPU-hour, USD) Prices below were read directly from each provider’s pricing page on August 21, 2026. CoreWeave lists per-node prices; per-GPU values are the node price divided by GPU count. CoreWeave’s page also shows the identical per-GPU figure as its “inference single GPU” price. Groq does not publish GPU-hour pricing; GroqCloud is priced per token, and NVIDIA GPU cluster access is a planned offering handled by sales. CoreWeave spot prices vary by region; the figures below are the North America rates. GPUCoreWeaveNebiusLambdaCrusoe NVIDIA GB300 NVL72Contact salesContact sales—— NVIDIA HGX B300Contact sales (spot $4.48)$7.85 (preemptible $4.30)—— NVIDIA GB200 NVL72$10.50 (4-GPU instance $42.00)Contact sales—Contact sales NVIDIA HGX B200$8.60 (8-GPU node $68.80; spot $4.26)$7.15 (preemptible $3.95)$6.69Contact sales NVIDIA HGX H200$6.31 (spot $2.62)$4.50 (preemptible $2.45)—$4.29 NVIDIA HGX H100$6.16 (spot $2.46)$3.85 (preemptible $2.15)$3.99$3.90 NVIDIA A100 80GB SXM$2.70—$2.79$2.30 AMD MI355X———Contact sales AMD MI300X———$3.45 Network egressFreeFree (Standard object storage egress $0.015/GiB)FreeFree Committed-use discountUp to 60%Up to 35%Sales-quotedSales-quoted What the table shows CoreWeave charges a premium and publishes the most complete card. Its H100 rate of $6.16/GPU-hr is about 60% above Nebius and Lambda. SemiAnalysis reports CoreWeave commands roughly 10–15% more per GPU-hour than Nebius, Crusoe, Lambda, and Fluidstack on managed Slurm or Kubernetes clusters, and that its pricing sits closer to the big hyperscalers. CoreWeave is also the only one of the four publishing a GB200 NVL72 on-demand price. Nebius undercuts CoreWeave on Blackwell and is the only one with B300 on-demand. Its B200 rate of $7.15 is below CoreWeave’s $8.60, and its $7.85 B300 rate has no published competitor in this group. Preemptible rates run roughly 45% below on-demand. Lambda holds the cheapest published B200 instance at $6.69. Its 1-Click Clusters (16 to 2,000+ GPUs, 2-week to 1-year terms) are priced higher: $9.86, $9.36, and $8.87 per B200-hour at 16, 64, and 256+ GPUs respectively. Lambda has no spot tier. Third-party trackers note Lambda raised its H100 SXM rate from $2.99 to $3.99 over 2025–2026 as demand outran supply. Crusoe is the only AMD option and the cheapest H200 at $4.29. Its H100 rate of $3.90 is close to Nebius and Lambda. B200, GB200, and MI355X require a sales conversation. List prices understate the market. Nebius disclosed that its Q2 2026 deals averaged more than $20 million in annual contract value per MW, that the 2026 base is priced near $12 million per MW, and that Q3 short-term capacity deals are clearing above $40 million per MW. The company also ran its first capacity auction. 3. Deployed and contracted power ProviderActive / connected powerContracted or plannedNotable sites CoreWeave1.5 GW active (Q2 2026); >1.85 GW expected by YE 2026~3.7 GW contracted at June 30; 4.2 GW+ per current company page51 data centers, North America and Europe NebiusUp to ~1 GW connected targeted by YE 20265 GW contracted by YE 2026; >1 GW/yr from 2027New Jersey, Missouri, Oklahoma, Alabama, Kansas City, UK, Finland, France, Israel, Estonia, Iceland LambdaNot disclosed; 15 US data centers per companyMicrosoft deal (tens of thousands of GPUs); Kansas City site 24 MW → 100+ MWLiquid-cooled US sites; 10 [truncated for AI cost control]