You can sell the old, less efficient GPUs to folks who will be running them with markedly lower duty cycles (so, less emphasis on direct operational costs), e.g. for on-prem inference or even just typical workstation/consumer use. It ends up being a win-win trade.
Then you’re dealing with a lot of labor to do the switches (and arrange sales of used equipment), plus capital float costs while you do it.
It can make sense at a certain scale, but it’s a non trivial amount of cost and effort for potentially marginal returns.