Nebius just turned its spare GPU capacity into a live auction. Starting October 8, the price of its preemptible virtual machines will change based on real time demand, available capacity, GPU type and region. Previously, Nebius set a fixed discount for these machines but under the new system, prices can fall when Nebius has extra GPUs available and rise when demand becomes stronger. Customers can either follow the changing market price or set the maximum price they are willing to pay. If the spot price rises above a customer’s limit, Nebius can stop that virtual machine and give the capacity to someone willing to pay more. Nebius is making this change because dynamic pricing allows Nebius to lower prices when demand is weak, attract extra workloads and keep more of its expensive infrastructure running. When demand becomes stronger like right now, Nebius can raise the spot price instead of continuing to sell scarce capacity at a fixed price. This could improve both utilization and revenue because Nebius can fill otherwise idle GPUs while charging more whenever customers begin competing for limited capacity. Bullish on Nebius and if GPU demand stays this strong, dynamic pricing gives $NBIS another lever to squeeze more revenue and higher margins out of every GPU it already owns.