Quote-derived medians for fixed-price H100 capacity across verified European providers, shown by residency tier. The three medians below are free. The full per-provider sheet, history, and CSV export unlock with a work email.
Indicative · quote-derived · not for contract settlement. Residency reflects attestable data-sovereignty, not merely location.
Free · market context
Where the rate sits
Three views of the same market: the global trend you are exposed to, the dispersion a desk exists to capture, and the sovereignty premium nobody else prints.
H100 on-demand, global neocloud tier
Silicon Data H100 Neocloud Index (BBG: SDH100RT) · $/GPU-hr · Dec 2025 – Jun 2026
$2.75▲ 37.5%
Neocloud index, Dec → Jun
+37.5%
$2.00 → $2.75/GPU-hr
Trailing 3-month move
+12.7%
to early June 2026
Annualised volatility
18.4%
vs 3.8% hyperscaler tier
Hyperscaler tier
$7.46
unchanged on 43 of 60 days
The hyperscaler tier sat flat in a $7.40–$7.55 band over the same window — an administered ceiling ~2.7× the neocloud rate. The market you actually buy in is the volatile one.
The same H100, priced across Europe
On-demand list, $/GPU-hr · 25 verified providers · as of 3 Jul 2026 · log scale
10.7×low to high
Vertical rule = tier median. The spread between the cheapest and dearest European H100 is 10.7× — for the same silicon, in the same week. That dispersion is not noise; it is the margin a desk exists to capture on your behalf.
The sovereignty basis
KXC Rate tier medians, premium over EU-located/US-owned capacity · week of 6 Jul 2026
+17.8%UK over US-owned
Attestable UK residency costs +17.8% over EU-located, US-owned capacity; EU-sovereign costs +8.6%. Global indices normalise geography out of the price. If residency is a hard constraint for you, this is the number that governs your budget — and no one else prints it.