2026年五大GPU Neocloud厂商定价与算力规模对比

The ‘neocloud’ label now covers five companies with very different business models. CoreWeave and Nebius are public companies that publish quarterly results and file reports with the SEC (CoreWeave on Form 10-Q, Nebius as a foreign private issuer on Form 6-K). Lambda and Crusoe are private and heading toward IPOs. Groq has run GroqCloud on its LPU architecture since 2024; after licensing that technology to NVIDIA in December 2025, the independent Groq refocused entirely on inference-cloud infrastructure. This article compares them on what actually matters to a buyer: published pricing, deployed and contracted power, hardware roadmap, contract structure, and independent quality ratings.

TL;DR

• CoreWeave is the only Platinum-rated GPU cloud in SemiAnalysis ClusterMAX 2.0 and commands premium list pricing on H100, H200, and B200.
• Nebius is the only provider here publishing B300 on-demand pricing; Lambda publishes the lowest B200 on-demand rate.
• Lambda still publishes the cheapest on-demand B200 ($6.69/GPU-hr) but has no spot tier.
• Crusoe is the only provider here with AMD MI300X/MI355X on its rate card.
• Groq is now an NVIDIA Cloud Partner and plans to add NVIDIA GPU capacity alongside its LPU inference cloud.

CoreWeave Q2 rev $2.575B, +112% YoYNebius AI cloud ARR $3.0BLambda B200 on-demand $6.69/hr, lowest publishedCrusoe 4.9 GW contracted, 40 GW+ pipelineGroq 13 DCs, 54 MW → 200+ MW in 2027CoreWeave first Vera Rubin NVL72 bring-upNebius $5.0B converts priced Aug 19Crusoe only AMD MI300X/MI355X on a rate cardLambda Michel Combes CEO, May 2026Groq $350M Series A at $3.5B, Aug 17CoreWeave Q2 rev $2.575B, +112% YoYNebius AI cloud ARR $3.0BLambda B200 on-demand $6.69/hr, lowest publishedCrusoe 4.9 GW contracted, 40 GW+ pipelineGroq 13 DCs, 54 MW → 200+ MW in 2027CoreWeave first Vera Rubin NVL72 bring-upNebius $5.0B converts priced Aug 19Crusoe only AMD MI300X/MI355X on a rate cardLambda Michel Combes CEO, May 2026Groq $350M Series A at $3.5B, Aug 17

Marktechpost · GPU neocloud ledger · 2026

CoreWeave / Nebius / Lambda / Crusoe / Groq

Figures checkedAugust 21, 2026Primary sources where available

Cheapest published

$3.85

H100 on-demand at Nebius. Lambda has the lowest B200 at $6.69; Crusoe the lowest H200 at $4.29. Nebius is the only one listing B300 on-demand.

Premium, and why

+10–15%

SemiAnalysis says CoreWeave commands that per GPU-hour over Nebius, Crusoe and Lambda on managed clusters. It is the only Platinum ClusterMAX provider, twice.

What capacity really clears at

$40M+

per MW on Q3 short-term deals at Nebius, versus ~$12M on its 2026 base. Four Q2 deals averaged >$1B each; 70% were prepaid.

Marktechpost · AI Dev Signals

Sources: CoreWeave Q2’26 release + pricing page · Nebius Q2’26 results, shareholder letter, pricing page · Lambda pricing page · Crusoe pricing page, Jun 9 ’26 release · Groq newsroom Dec ’25–Aug ’26 · SemiAnalysis ClusterMAX 2.0

1. Who these companies are in 2026

CoreWeave (Nasdaq: CRWV) reported Q2 2026 revenue of $2.575 billion, up 112% year over year, with a revenue backlog of roughly $104 billion. That backlog excludes more than $25 billion of new commitments added in early Q3. Active power reached 1.5 GW and contracted power reached about 3.7 GW as of June 30; CoreWeave’s data center page now states 4.2 GW+ contracted across 51 data centers. The company completed the industry’s first bring-up and validation of NVIDIA Vera Rubin NVL72 during the quarter. Net loss was $626 million, driven by $640 million in net interest expense. (CoreWeave Q2 2026 release, CoreWeave AI data centers page)

Full-year 2026 guidance is $12.4–13.2 billion in revenue and $35–39 billion in capex. Management expects more than 1.85 GW of active power by year end. (CNBC)

Nebius Group (Nasdaq: NBIS) reported Q2 2026 group revenue of $582.3 million, up 454% year over year. AI cloud revenue was $574.9 million, up 514%, with annualized run-rate revenue of $3.0 billion. The AI cloud segment posted a 49.7% adjusted EBITDA margin. Q2 capex was about $5.7 billion, and the company ended the quarter with $8.0 billion in cash. Nebius raised its year-end 2026 contracted power target to 5 GW and plans to deploy more than 1 GW per year starting in 2027.

Lambda is private. It closed a Series E of more than $1.5 billion led by TWG Global in November 2025 and a $1 billion senior secured credit facility (J.P. Morgan lead arranger) in May 2026. Michel Combes, former CEO of SoftBank International and Sprint, became CEO in May 2026; co-founder Stephen Balaban moved to CTO. Lambda has a multibillion-dollar, multi-year agreement with Microsoft covering tens of thousands of NVIDIA GPUs, including GB300 NVL72 systems. The Information has reported an IPO target of H2 2026, but no public S-1 exists as of this writing.

Crusoe is private. It raised a $1.375 billion Series E at a valuation above $10 billion in October 2025, led by Valor Equity Partners and Mubadala Capital. In July 2026, Bloomberg reported Crusoe was in talks to raise roughly $3 billion at a valuation near $30 billion. Crusoe builds the 1.2 GW Abilene, Texas campus for Oracle and OpenAI (the first Stargate site). In March 2026 it announced a separate 900 MW Abilene campus for Microsoft, bringing the full site to about 2.1 GW. On June 9, 2026, Crusoe said its contracted AI infrastructure reached 4.9 GW across five US campuses and Crusoe Cloud, with a development pipeline above 40 GW.