AI Cloud Hash Rate Prices Surge 25-30% Amid Persistent Supply Shortages

CoreWeave and Nebius earnings reveal sharp GPU price hikes and supply gaps, signaling a strategic shift from simple leasing to comprehensive AI infrastructure platforms.

Woofun AI reports that CoreWeave and Nebius earnings indicate rapid expansion in the AI cloud hash rate sector, with competition shifting toward integrated infrastructure platforms. CoreWeave noted a 25% rise in July GPU computing SKU prices, while Nebius reported over 30% increases for previous-generation GPUs compared to the first quarter. New contract revenue per MW exceeded $20 million annually in the second quarter, with short-term emergency capacity reaching $40 million to $50 million per MW.

These increases primarily affected high-value resources like next-generation GPUs and large-scale clusters, leaving traditional long-term fixed-price services unchanged. Both firms face high capital expenditures and margin pressure from depreciation, though project-level economic viability is improving. CoreWeave utilizes long-term contracts and asset-based financing, whereas Nebius adopts a light-asset model relying on capital partners. The industry is evolving from GPU rental to full-stack AI infrastructure operating systems, encompassing training, inference, and security governance.