Cheapest H200: Finland vs Germany

The cheapest H200 in Germany (IONOS) is cheaper by €1.80 per GPU-hour (€3.00 vs €4.80), which is 38% less than the cheapest in Finland (Nebius), which costs 60% more. For one H200 running a full month (730 h) that is €1,314 ex-VAT; for an 8-GPU node, €10,512 a month.

Germany€3.00/hcheapest offer

Finland€4.80/hcheapest offer

Difference€1.80/h38% cheaper

1 GPU-month (730 h)€1,314saved

We count only offers whose data-centre country is published by the provider: 1 in Finland (Nebius), 1 in Germany (IONOS). If where your data sits matters (contracts, latency, GDPR transfer questions), this is the comparison that counts; otherwise the cheapest EU-wide H200 is €2.60/h at Seeweb.

On-demand list prices, ex-VAT, from public provider pages (dates in the table). Reserved deals can be cheaper.

H200 offers in Finland and Germany

Provider	GPU	€/GPU-h	100 h	Location	Source
1. IONOS EU-ownedEU DCISO 27001BSI C5	H200 (PCIe)~0.19 kgCO₂/h	€3.00	€300	Germany	source2026-10-19
2. Nebius EU HQEU DCISO 27001SOC 2	H200~0.02–0.03 kgCO₂/h	€4.80 usd	€480	Finland/France	source2026-10-19

* data-centre location not published; provider HQ country shown. usd = converted from USD at the ECB rate; approx = provider marks the price as approximate. CO₂ = rough estimate (GPU draw × country grid average, Ember data). EU-owned / EU HQ / EU DC / certs: from provider pages, what they mean.

Why Finland? Context in 3 lines

Power: €57/MWh wholesale (Sep 2026, cheapest of the 9 countries we track). Grid: 47 gCO₂/kWh (Jun 2026; EU average 189).
Mix: largest source nuclear (47% of generation), then wind (24%), Jun 2026.
Here: we track 3 public GPU prices from 1 provider with a data centre in Finland (Nebius).

GPU cloud prices are set by each provider; electricity is only one of their costs, so a cheap-power country doesn't guarantee cheap GPUs. Country averages from Ember (CC-BY-4.0), not a specific data centre's contract. Compare all countries →

Why Germany? Context in 3 lines

Power: €145/MWh wholesale (Sep 2026, 5th cheapest of 9). Grid: 275 gCO₂/kWh (Jun 2026; EU average 189).
Mix: largest source solar (36% of generation), then wind (20%), Jun 2026.
Here: we track 1 public GPU price from 1 provider with a data centre in Germany (IONOS).

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