---
schema_version: "secwatch.filing_event.v1"
accession: "0001104659-26-038173"
form_type: "8-K"
ticker: "TH"
cik: "0001712189"
company_name: "Target Hospitality Corp."
filed_at: "2026-04-01T23:59:59+00:00"
generated_at: "2026-05-15T07:59:17.947698+00:00"
event_type: "other_material"
sentiment: "positive"
materiality_score: 0.85
calibrated_materiality_score: 0.85
confidence: "high"
source: SEC EDGAR
---

# Target Hospitality wins $550M+ data center hub contract with top-5 hyperscaler; raises 2026 outlook

## Summary
- Multi-year agreement with top-five hyperscaler for a data center campus in North Texas; over $550M committed minimum revenue through Q1 2031.
- Potential variable revenue of ~$20M-$40M annually depending on occupancy; two 2-year extension options through Jan 2035.
- Construction begins immediately; first occupancy Q3 2026, full completion Q2 2027. Net capital investment ~$115M-$125M, ~80% in 2026.
- 2026 guidance raised: revenue $360M-$370M, Adjusted EBITDA $70M-$80M, total CapEx $220M-$240M excluding acquisitions.
- Target projects annualized revenue >$500M and Adjusted EBITDA >$160M by mid-2027, assuming midpoint of variable revenue.

## SEC filing metadata
- accession: 0001104659-26-038173
- form_type: 8-K
- ticker: TH
- cik: 0001712189
- company_name: Target Hospitality Corp.
- filed_at: 2026-04-01T23:59:59+00:00
- event_type: other_material
- sentiment: positive
- materiality_score: 0.85
- calibrated_materiality_score: 0.85
- confidence: high
- sec_items: 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1712189/000110465926038173/0001104659-26-038173-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1712189/000110465926038173/tm2610742d1_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001104659-26-038173
- JSON: https://secwatch.observer/filing/0001104659-26-038173.json
- Plain text: https://secwatch.observer/filing/0001104659-26-038173.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.