Cardinal Infrastructure Group wins $24 million data center contract

Cardinal Infrastructure Group Inc. (NASDAQ: CDNL) announced it received a $24 million contract to provide civil infrastructure services for the first phase of a multi-phase data center project. The company said work will begin in the second quarter of 2026 and reach substantial completion in 2027.

The contract marks Cardinal's first mission-critical data center project. The company will handle wet utilities installation, earthwork, erosion and sediment control, storm drainage and stormwater management, and site paving and surface improvements across the campus.

"This award reflects Cardinal's ability to execute complex, large-scale site work on the timeline and standards that major technology customers demand," said Jeremy Spivey, Chairman and Chief Executive Officer. "As we execute on our growth strategy, expanding into large-scale technology infrastructure projects like this one represents exactly the kind of end market diversification we've been focused on delivering for our shareholders."

The infrastructure company, based in Raleigh, North Carolina, stated the contract demonstrates its expanding capability to compete for large-scale, complex infrastructure projects across different end markets.

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