A scientific discovery company running NVIDIA A100s, a chip launched in 2020, has renewed its CoreWeave capacity into 2029. CoreWeave told investors the three-year contract was signed in line with typical one-year terms. A research lab renewing on H200s paid a premium to its original contract, and the same deck reports a ~70% price increase across SKUs in July 2026.
A long contract normally buys a discount. The provider accepts a lower rate in exchange for years of certain revenue on hardware that loses value every year. A three-year renewal at one-year rates on a six-year-old chip means the buyer is paying for access. None of it reaches a price list: the neocloud list ranges we track have held for six weeks, and the repricing happens inside signed contracts.
Lenders are underwriting those contracts. CoreWeave priced $3.7 billion of convertible notes at 2.875%, upsized from $3.0 billion. Nscale, which filed this week to list on the New York Stock Exchange, reported revenues of $140.6 million for the first half of 2026 and holds Anthropic agreements for aggregate payments of up to approximately $44.6 billion. The Anthropic agreements alone come to more than 300 times the half year's revenue.
The cheapest listed route for DeepSeek V4 Pro fell to $0.95 and $1.91 a million tokens from $1.60 and $3.20, taking the support-assistant floor to $248 a month from $416. The marketplace H200 low end went back to $2.61 a GPU-hour from $1.98, and all four neocloud list ranges held for a sixth week.
