CCIR publishes one independent reference rate per tier so the rate cited in a credit document matches the deployment grade of the collateral pledged.
Median rate per chip across each Intelligence Factory tier. n is the number of independent operators contributing to that median. An em-dash means the cell has no Published row in today's snapshot.
| Silicon | T1IF Tier 1 IF | T2IF Tier 2 IF | T3IF Tier 3 IF | |||
|---|---|---|---|---|---|---|
| Median $/hr | n | Median $/hr | n | Median $/hr | n | |
| GB200 | $13.52 | 3 | — | — | — | — |
| B200 | $8.60 | 5 | $6.11 | 5 | — | — |
| H200 | $7.11 | 6 | $4.34 | 4 | — | — |
| H100 | $6.52 | 6 | $3.27 | 6 | $2.90 | 4 |
| A100 | — | — | $2.50 | 10 | $1.39 | 3 |
Top-grade fabric (≥ 3 Tbps/node disclosed RDMA — IB-NDR, EFAv2, or RoCE-v2 in non-blocking 8-rail builds), dedicated single-tenant bare-metal, full enterprise bundle — managed operations, tiered support, observability, egress allowance, regulated-workload compliance. The deepest capability bundle in the CCIR panel.
Dedicated single-tenant bare-metal with disclosed real fabric (IB-HDR, RoCE-v2 mid, or sub-3 Tbps IB-NDR variants), no requirement for full enterprise bundle. The middle grade — real fabric, lighter wrap.
Co-located, shared, or marketplace supply — plus dedicated hosts that don't disclose a real fabric. Variable Ethernet underlay, self-serve, no support tier, interruptibility common. The lowest rate band — and the most constrained bundle behind it.
| Attribute | T1IF | T2IF | T3IF |
|---|---|---|---|
| Tenancy | Dedicated bare-metal, single-tenant | Dedicated bare-metal, single-tenant | Shared-pool or marketplace |
| Fabric | ≥ 3 Tbps/node disclosed (8-rail IB-NDR / EFAv2 / RoCE-v2 non-blocking) | ≥ 400 Gbps/node disclosed (IB-HDR / RoCE / sub-3 Tbps IB-NDR) | Ethernet, undisclosed, or sub-400 Gbps trivial RDMA |
| Bundle depth | Managed ops, tiered support, observability, egress allowance, compliance | Bundle varies — not gated; observed mix of basic to richer disclosures | Self-serve, no support tier |
| Operators at this grade | AWS · Azure · OCI · Nebius · CoreWeave (H100/H200/B200) · GCP (H200) | CoreWeave (A100) · GCP (H100) · Crusoe · Denvr · Genesis Cloud · DataCrunch · Hyperstack · Voltage Park · Lambda (cluster) · RunPod (cluster / secure) | CoreWeave (L40S) · Lambda (on-demand) · Vast.ai · DigitalOcean · Scaleway · RunPod (community) · Massed Compute · TensorDock |
| Use case | Production training, regulated workloads | Dedicated training, less ceremony | Cost-sensitive batch, dev/test, spot |
Each tier is a capability bundle. The matrix describes what the rate at each tier actually packages — fabric, host, bundle depth, use case. Tiers are assigned per‑SKU, not per operator: the same provider appears at several grades as its products differ. CoreWeave's H100/H200/B200/GB200 SXM clusters classify as T1IF, its A100 as T2IF, its L40S as T3IF; Lambda's IB cluster is T2IF while its on‑demand Ethernet H100 is T3IF. The operators row lists where each provider's representative SKUs land — not a fixed label.
Tier assignment is per-SKU and grade-based — driven by the capability bundle each SKU exposes, not by which operator hosts it. An interruptible SKU from any operator routes to T3IF; a dedicated-host SKU with top-grade fabric and a full enterprise bundle routes to T1IF; a dedicated-host SKU with mid-grade disclosed fabric routes to T2IF; everything else routes to T3IF. The same operator can therefore appear in two or three tiers across its SKU catalog, depending on what each SKU actually packages.
Reading across a row (same chip, varying tier) isolates the deployment premium — fabric, support, compliance, operational wrap. Reading down a column (same tier, varying generation) isolates the generation premium with the bundle held constant. Every cell is anchored to T1IF.
| Chip | Term | T1IF · Tier 1 IF | T2IF · Tier 2 IF | T3IF · Tier 3 IF | |||
|---|---|---|---|---|---|---|---|
| Posted | Disc. / Prem. vs T1IF | Posted | Disc. / Prem. vs T1IF | Posted | Disc. / Prem. vs T1IF | ||
| GB200 | OD | $13.52 | baseline | — | — | — | — |
| B200 | OD | $8.60 | baseline | $6.11 | −29.0% (−$2.49) | — | — |
| H200 | OD | $7.11 | baseline | $4.34 | −38.9% (−$2.77) | — | — |
| H100 | OD | $6.52 | baseline | $3.27 | −49.8% (−$3.25) | $2.90 | −55.5% (−$3.62) |
| A100 | OD | — | — | $2.50 | — | $1.39 | — |
Worked credit drafting examples — defined terms, covenant mechanics, fallback waterfall — live in Applications. The full rate history across tier, chip, and term is in the Explorer.