DeepSeek's own numbers reveal ~82% gross margin: 155T tokens/day per cluster at $38/GPU-hour

ssh4net · x · 2026-10-21

DeepSeek quietly published revenue figures in its open-sourced DeepInfer docs: a single cluster serves 155 trillion tokens per day, generating $38 in revenue per GPU-hour at off-peak pricing. Peak API rates are $0.30/M input and $1.20/M output tokens.

Yuchen Jin did the math: even assuming rented B300s at $7/GPU-hour, that's roughly 82% gross margin — other estimates run higher. Cheap AI isn't charity or "dumping"; serving a frontier-class model is highly profitable if your inference stack is good enough.

The author argues this undercuts the narrative from US labs that intelligence must be expensive, $200/month is fair, and usage limits exist because compute is scarce — partly true, partly a business model built on users not knowing what a token actually costs. DeepInfer supports both NVIDIA Blackwell and Huawei Ascend, though the specific GPUs weren't disclosed.

Related event: DeepSeek Discloses 155T Tokens/Day per Cluster at $38/GPU-Hour Revenue(6 posts)→

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