TH News & Events

Target Hospitality announced the second 400-bed community expansion to the previously announced 250-bed data center community. With the second expansion, this campus will be capable of supporting up to 1,050 individuals, representing a 320% increase from the initial 250-bed community. This expanded data center community can grow to support up to 1,500 individuals. The second expansion is expected to provide approximately $49M of committed minimum revenue over its initial two-year term beginning June through May 2028. Additionally, the second expansion contract includes four one-year extension options, enabling continuity of services through May 2032. The second expansion contract increases total committed minimum revenue for the expanded data center community to more than $130M - over three times the initial $43M contract value. Target has begun construction activity of the second expansion and anticipates a net capital investment of approximately $15M-$18M, with completion by June. This expansion reflects accelerating demand for customized workforce accommodations essential to AI and data center development.

Target Hospitalit announced the hiring of Cyril Hahamski as chief accounting officer. Hahamski will oversee the company's accounting function, including external financial reporting, internal controls, and management reporting.

Target Hospitality announced a multi-year lease and services agreement to construct and provide hospitality solutions supporting the expansion of power generation capacity in mining and data center development in Northern Nevada. Target will construct and provide facility services for the Power Community. The Power Community Contract is expected to generate approximately $35M of revenue over its 25-month term, starting in June 2026.