Neocloud rankings

CoreWeave scores 89/100 and leads the table. It rates Platinum in ClusterMAX 3.0 and reports 4.6 GW of contracted power and a $132.5B revenue backlog. The rest of the top five: Crusoe (67.5), Nebius (58.9), Nscale (53.1), TensorWave (50.7).

Each neocloud earns 0 to 100 points on six signals, weighted clustermax tier 30%, contracted power 20%, contracted backlog 15%, capital raised 15%, gpus 10%, named customers 10%. Size signals use a log scale, so 6 GW does not drown out 900 MW. A signal without a verified input scores 0. The full formula and every input sit on the methodology page, and each record page shows its own breakdown.

CoreWeave and Nebius are the only neoclouds rated Platinum in SemiAnalysis ClusterMAX 3.0 (23 Sep 2026). The neoclouds rated Silver are Lambda, Firmus, GMI Cloud, TensorWave. See the included providers by ClusterMAX tier.

Crusoe (6 GW), IREN (5 GW), CoreWeave (4.6 GW) state the most contracted or secured power. The contracted power list puts active MW beside it, because a contract is not yet a powered hall.

CoreWeave ($10.3B), IREN ($5.4B), Lambda ($4.4B) lead on capital raised, mostly debt secured against GPUs and contracts. Each figure's note says exactly which rounds, notes or facilities it covers: neocloud funding and debt.

CoreWeave (NASDAQ: CRWV), Nebius (NASDAQ: NBIS), IREN (NASDAQ: IREN), WhiteFiber (NASDAQ: WYFI), DigitalOcean (NYSE: DOCN), OVHcloud (null), ChronoScale (NASDAQ: CHRN), Boost Run (NASDAQ: BRUN). Nscale filed its S-1 for a NYSE listing in September 2026. Ranks and quarterly revenue for each: public neoclouds, ranked.

No. The rank is computed from the data at build time with the published weights, and no field is set by hand. Sponsors get one labelled Featured slot under the table; it never touches a score or a position. Corrections with a public source go to hello@neocloudrankings.com.