Target Hospitality Corp. ("Target Hospitality," "Target" or the "Company") (NASDAQ:TH), one of North America's largest providers of vertically integrated modular accommodations and value-added hospitality services, today announced a new multi-year lease and services agreement (the "Contract") to provide comprehensive facility and hospitality services for a top-five hyperscaler's data center development in the Pecos region of West Texas (the "Community").

Target will deliver a full-turnkey community that leverages its premium modular accommodations and all-inclusive hospitality services, including elevated lifestyle amenities, to support approximately 1,100 individuals. The Company plans to complete the Community by modifying existing under-utilized assets, enabling expedited initial occupancy in the third quarter of 2026.  This approach supports efficient capital deployment, while simultaneously enhancing Target's contract portfolio and network optimization.

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