[SMM Computing Power Weekly Review] Western Beijing-Tianjin-Hebei and Chengdu-Chongqing Computing Power Prices Mostly Sideways; H100 Edges Up in the West

Published: Aug 7, 2026 17:53

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During the week ending August 7, in the SMM Computing Power Rental Price Index, most of the 12 monitored varieties across the western region, Beijing-Tianjin-Hebei, and Chengdu-Chongqing remained flat. Only the H100 80G in the western region edged up 0.33% to 75,750 yuan/month (13.15 yuan per card-hour). The average price of the 910B 64G in Chengdu-Chongqing dropped 8.35% WoW from 20,500 yuan to 18,787.5 yuan/month and held steady throughout the week. On the computing power news front, the monthly rental quotation for the H200 in Beijing-Tianjin-Hebei climbed to 140,000 yuan, while the 910B in Chengdu-Chongqing saw a significant catch-down decline WoW.

Market Overview

This week, the computing power leasing markets in Western China, Beijing-Tianjin-Hebei, and Chengdu-Chongqing exhibited a pattern of "sideways indices with localized minor adjustments." Among the 12 SMM price indices across the three regions, 11 remained flat for the entire week.

Advancing Variety: The average price of SMM-H100-80G-Whole Unit-Western China rose from 75,500 to 75,750 yuan/month (+0.33%, card-hour 12.93 → 13.15 yuan), holding steady at 75,750 yuan since August 4.

WoW Decline: The average price of SMM-910B-64G-Whole Unit-Chengdu-Chongqing was revised down from last week's 20,500 yuan to 18,787.5 yuan/month (-8.35%). It has remained at this level since August 3 and was stable within the week, with a card-hour rate of 3.26 yuan.

Unchanged Varieties: SMM-A100-80G-Whole Unit-Beijing-Tianjin-Hebei 31,500 yuan, SMM-A800-80G-Whole Unit-Beijing-Tianjin-Hebei 32,000 yuan, SMM-H800-80G-Whole Unit-Beijing-Tianjin-Hebei 72,000 yuan, SMM-H20-96G-Whole Unit-Beijing-Tianjin-Hebei 40,500 yuan, SMM-910B-64G-Whole Unit-Beijing-Tianjin-Hebei 19,500 yuan; SMM-A100-80G-Whole Unit-Chengdu-Chongqing 37,000 yuan, SMM-A100-40G-Whole Unit-Chengdu-Chongqing 12,000 yuan, SMM-A800-80G-Whole Unit-Chengdu-Chongqing 35,000 yuan, SMM-H20-141G-Whole Unit-Chengdu-Chongqing 45,500 yuan; SMM-910B-64G-Whole Unit-Western China 13,750 yuan — all remained stable throughout the week.

Analysis by Computing Power Leasing Resource Type

SMM-H100-80G-Whole Unit-Western China edged up, with high-end tightness persisting. Multiple cities including Beijing, Shanghai, Guangzhou, and Shenzhen reported no spot supply for H100 whole unit leasing channels, with orders sold out immediately upon release. The average H100 leasing price in Western China has maintained a slight upward trend after holding steady at 75,750 yuan since August 4.

Beijing-Tianjin-Hebei H800 quotations remained high. The highest price for H800 in Beijing-Tianjin-Hebei previously rose to 75,500 yuan/month (July 31), and this week the index held steady at 72,000 yuan/month, with tightness concentrated in immediately deliverable spot cargo.

Domestic computing power adjusted in Chengdu-Chongqing, while Beijing-Tianjin-Hebei showed active demand. The average leasing price for SMM-910B-64G-Whole Unit-Chengdu-Chongqing was revised down to 18,787.5 yuan/month from last week’s 20,500 yuan, while the average price for Western China 910B leasing remained flat at 13,750 yuan and Beijing-Tianjin-Hebei at 19,500 yuan.

Market Outlook

SMM’s view is that in the short term, the price center for H100 still has upward inertia, and the tight spot supply of H100 is expected to extend into Q4; H100 leasing prices in Western China will likely inch higher. Following the WoW decline in the SMM-910B-64G-Whole Unit-Chengdu-Chongqing price, the price spread between Chengdu-Chongqing and Beijing-Tianjin-Hebei has narrowed, with lower-priced resources from Western China siphoning off surrounding demand.

Two points warrant attention. First, intermediaries account for roughly 30% of participants in a computing power leasing resource WeChat group. Combined with the "master lease—sublease" markup model, the implicit costs for leasing end-users are continuously magnified. Second, the floor of the computing power leasing market is rapidly rising, while buyers and sellers frequently bargain based on outdated price anchors. The market's highly non-standard nature and lagging information transmission are the root causes of price dislocation and runaway spreads. The industry urgently requires an objective, impartial third-party organization to conduct high-frequency, transparent price monitoring to reduce the information lag, enabling sellers and buyers to make decisions within the same frame of reference.

Weekly Key Data Summary:

Western China: SMM-H100-80G-Whole Unit-Western China average price 75,500 → 75,750 yuan/month (+0.33%), card-hour rate 13.11 → 13.15 yuan; SMM-910B-64G-Whole Unit-Western China held steady at 13,750 yuan/month, card-hour rate 2.39 yuan. Beijing-Tianjin-Hebei: SMM-A100-80G-Whole Unit-Beijing-Tianjin-Hebei held steady at 31,500 yuan/month (card-hour rate 5.47); SMM-A800-80G-Whole Unit-Beijing-Tianjin-Hebei held steady at 32,000 yuan/month (card-hour rate 5.56); SMM-H800-80G-Whole Unit-Beijing-Tianjin-Hebei held steady at 72,000 yuan/month (card-hour rate 12.5); SMM-H20-96G-Whole Unit-Beijing-Tianjin-Hebei held steady at 40,500 yuan/month (card-hour rate 7.03); SMM-910B-64G-Whole Unit-Beijing-Tianjin-Hebei held steady at 19,500 yuan/month (card-hour rate 3.39). Chengdu-Chongqing: SMM-A100-80G-Whole Unit-Chengdu-Chongqing held steady at 37,000 yuan/month (card-hour rate 6.42); SMM-A100-40G-Whole Unit-Chengdu-Chongqing held steady at 12,000 yuan/month (card-hour rate 2.08); SMM-A800-80G-Whole Unit-Chengdu-Chongqing held steady at 35,000 yuan/month (card-hour rate 6.08); SMM-H20-141G-Whole Unit-Chengdu-Chongqing held steady at 45,500 yuan/month (card-hour rate 7.9); SMM-910B-64G-Whole Unit-Chengdu-Chongqing was revised down from 20,500 to 18,787.5 yuan/month from last week (-8.35%), held steady throughout this week, card-hour rate 3.26 yuan.

Data Source Statement: Except for publicly available information, all other data are processed by SMM based on publicly available information, market communication, and relying on SMM's internal database model. They are for reference only and do not constitute decision-making recommendations.

Images in this article contain AI-translated captions for reference only.

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