[SMM Computing Power News] Northwest 64 H200 units, five-year closed contract at 132,000, five-year closed IB networking

SMM has learned that one H100 server in north-west China is available for external rental, with a minimum lease term of one year, at a monthly rent of 87,000 yuan per unit per month. The configuration includes an 8-GPU HGX module, 1TB of memory, and a 400G network card. Compared with the closed-end price of 75,000–76,000 yuan for four- to five-year leases in the same region in August, this deal represents an increase of 11,000–12,000 yuan, or approximately 15%. SMM believes that the rise in H-series rental prices reflects an increase in the premium on available inventory resources.

The lowest monthly rent for A100-80G in the Yangtze River Delta rose to 38,000 yuan (up 8.6%), and the average rose to 39,000 yuan (up 4.0%), while the highest price of 40,000 yuan remained unbroken; the other 18 indices stayed flat. In the Northwest, the five-year closed monthly rent for 64 H200 units was 132,000 yuan (up 3.1% from 128,000 yuan), reaching the upper edge of 130,000 yuan for the first time; in the Southwest, the three-year closed all-inclusive rent for 256 Pro 6000D units was 32,000 yuan, with quotes for compliance-restricted models probing the lower edge. Data center-grade existing cards tightened, long-term leasing agreements strengthened, and market stratification intensified.

SMM has learned that 256 Pro 6000D units in south-west China are being offered for lease, with a three-year closed contract, two months' deposit and one month's rent in advance, at a monthly rent of 32,000 yuan per unit on an all-inclusive basis. The units have already been networked and are directly contracted with a major manufacturer. SMM believes that, constrained by the performance limitations of the compliant version of the Pro 6000D, along with the continued expansion of supply and quotes probing the lower end, the converted price of bare computing power for this model is being pushed further down.