Large WordPress website slow – I need advise on hosting and cloud Please

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Can somebody please lend some advise regarding hosting and speed

I have a large wordpress website with around 100,000 pages
Disk space on server: 5GB
Mysql space: 300Mb

My host said a large number of posts will slow down the site which is understandable. I currently use shared hosting and it’s slow as a turtle. Some folks suggested I get a dedicated server but it’s off my budget to be honest.

I’ve optimized the site with Cache and compression + plus other optimizations quite a bit.

I would like to know if I can host my website in the “cloud” which seems to be a cheaper option.

Is this possible ? Will hosting on the cloud speed my site up and remove the load from the shared server ?

Also most of the disk space is used up by images. Is it possible to have the images hosted on a “cloud server” and remove them from my shared hosting server to free up disk space ?

Finally my host Hostgator said “that in most cases the current production version of Mysql on our shared servers will have significant delays querying databases with over 100MB of data”

If someone could please advise what would be the best path to take ( cost effective ), I’d really appreciate it!

Thank you

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