# AI Compute Prices Rise as Investors Weigh Neocloud Debt Risks By Simon Yoon Canonical URL: https://www.tokenpost.com/news/technology/37145 Published: 2026-10-21T23:15:16.000Z Updated: 2026-10-21T23:15:16.000Z Section: Technology > Per-megawatt pricing rose at a Tuesday auction, while Marc Boroditsky said Nebius would find buyers for all of its 2027 capacity if deployed. AI infrastructure firms are getting higher prices for computing capacity as investors scrutinize data-center debt, raising questions about whether rental revenue can support the buildout. At Tuesday’s auction for computing capacity, per-megawatt prices continued to climb, Marc Boroditsky, Nebius’ chief revenue officer, said. This measure captures the revenue a provider can charge for a set amount of computing capacity. Neoclouds buy Nvidia graphics processing units (GPUs), build data centers and rent that computing power to customers. Providers serve companies that need computing capacity without building all the infrastructure themselves. Investors are weighing potential revenue against the cost of financing a rapid data-center buildout. CoreWeave’s five-year credit-default swap spread has reached ranges associated with financial stress, while its bond yields have risen. The debt concerns have weighed on Iren and Nebius shares, which have fallen sharply over the past month. Boroditsky said Nebius was not carrying the kind of debt CoreWeave was. “We’re not carrying the kind of debt that they are,” he said. He also said Nebius would find buyers for all of its 2027 capacity if deployed, and that demand in 2028 could follow a similar pattern. The timing of capacity deployment affects when contracts begin producing revenue. Most capacity agreements Nebius signed in the second quarter are expected to come online late in 2026 and contribute mainly to 2027 revenue, as outlined in its [capacity outlook](). Another question for investors is how long older chips can earn revenue as more powerful models reach the market. Chase Lochmiller, CEO of Crusoe, said current prices for Nvidia’s A100 chips are higher than in 2020 and 2021, while H100 pricing exceeds levels from when the chips were first deployed in 2023. “We’re seeing higher pricing today for A100s than we saw in 2020 or 2021. We’re seeing higher pricing for H100s than what we saw when they were first deployed in 2023,” Lochmiller said. Lochmiller linked demand to improvements in AI models that let businesses get more value from computing resources. For operators that have spent billions on GPUs and data centers, rental income from older equipment helps recoup those costs and support profits. ## Links in this article - [capacity outlook](https://www.tokenpost.com/news/investing/34942)