It's a server in "the cloud" but it's not cloud services. If you're running an OS on bare metal or a blank VM, you're basically just co-locating in someone else's datacenter which is a very traditional model.

I have a feeling you know this, but "the cloud" is nowadays generally taken to mean providers (such as AWS and Azure) that have IaaS, PaaS and SaaS offerings, with a focus on the latter two.

If you are not using load balancers, lambdas, provisioned iops, internet scale databases, pipelines, streams, cdns, data object storage, machine learning apis - you are not using “cloud”.