SemiAnalysis: NVIDIA B200 serving DeepSeek can yield up to $15B annual profit per gigawatt

zephyr_z9 · x · 2026-09-25

SemiAnalysis estimates that NVIDIA vLLM on B200 serving the open DeepSeek v4.1 Flash model at official interactivity and selling prices can generate up to $15 billion in annual profits per gigawatt — calling it a "money printer." Using Engram DRAM offloading on NVIDIA hardware reportedly increases revenue per gigawatt by 50%. A striking take on the economics of serving open models on accelerated infrastructure.

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