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Target Hospitality secures $550M contract to build and operate a 4,000-person data center hub in Texas

Company Fundamentals
01 Apr 2026
PRNewsWire
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Bullish
Target Hospitality secures $550M contract to build and operate a 4,000-person data center hub in Texas

Target Hospitality announced a multi-year contract worth over $550 million to construct and manage a data center campus in North Texas for a top-five hyperscaler. The project will house about 4,000 people, with construction starting immediately and occupancy expected by Q3 2026. The contract includes options extending services through 2035 and potential additional revenue based on occupancy. This deal boosts Target's 2026 revenue outlook and positions the company for significant growth in data center and infrastructure hospitality services.

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