For way less than that you can get a 16gb/8vCPU ARM in Hetzner [1], and since it's for a analytics service, it doesn't matter it's not hosted close to your users.
There's a 4GB option for 9 Euros.
I recently migrated my personal projects from DO to Hetzner for this reason
I remember back a few years it was praised by people for how cheap it was.