H100 vs B200 rental cost: the Blackwell premium, and the one number that flips it

A B200 rents for 2–3.5× an H100. Per hour the H100 wins almost everything — but per token, a fully-utilised B200 can be cheaper. Here's the real… Aliteq Ravi Malhotra · Hardware Editor

H100 rental: ~$1.73/hr Vast spot, ~$1.99/hr RunPod on-demand (22 Sep 2026). 80GB HBM3.

B200 rental: ~$5.98/hr on RunPod; median ~$6.79 across providers; specialist clouds from ~$3.20–3.75; neoclouds $6.99–8.60.

B200 = ~192GB + roughly 2–2.5× throughput — it fits bigger models on ONE card and serves faster.

Per-hour, the H100 wins for almost everything a single person runs.

Per-token, a fully-utilised B200 can be cheaper — higher throughput spreads the higher hourly over more work. Utilisation is the deciding number.

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