[_2d30]

In fairness your calculation looks at the most expensive element of the DC but ignores all of the associated parts required to utilize the H100: CPU, memory, cooling, etc. No to say that that flips the calculation (I don't have the answer), but it does leave a lot of power out.

[dpe82]

Let's be generous and pretend the rest of the hardware is free but double the energy budget of the H100 to account for all of it along with cooling. You're still at only $1k/yr; $10k over 10 years, or 25% of the TCO (ignoring all other costs).