DigitalOcean has been doing this for years, and their value proposition is unmatched IMO
For $5 you get:
Latest gen CPUs and RAM
HTTPS
DDoS protection
Cloudflare CDN
Autoscale
Competent support
I'd say the best part is the predictable monthly prices
And while most people probably don't care, they are an established public company, so there is more chance they will exist in 10 years