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Microsoft is ending mainstream support of Hyper-V Server 2019 on January 9, 2024 and extended support will end on January 9, 2029. Hyper-V Server 2019 will be the last version of this product and Microsoft is encouraging customers to transition to Azure Stack HCI.

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Hyper-V as a role you can install on Windows Server is not being discontinued. They're discontinuing the no cost SKU but the feature isn't going away.

Exactly, but the Windows license you need for a proper Hyper-V server is quite high

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