Solmate's stock price rose by 50%, and it will build the first Solana validation node center in the Middle East and launch an aggressive acquisition strategy.

robot
Abstract generation in progress

PANews, October 24th news, according to The Block report, Nasdaq-listed Solmate Infrastructure (SLMT) announced that it has selected data centers, assembled bare metal validators, and tested configurations, using SOL purchased “at a historic discount.” The company will advance the construction of a validator center in the UAE and implement an “aggressive M&A strategy,” using its SOL reserves as “fuel” for the growth of acquired businesses. Previously, Solmate completed a $300 million PIPE financing and received support from the Solana Foundation, and recently obtained $50 million in discounted SOL. The news drove the stock price to a peak of about $12.55 during intraday trading, closing up about 40% to $11.70, with a market capitalization of approximately $754 million.

SOL-0.95%
View Original
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • Comment
  • Repost
  • Share
Related Topics
#
sol
Comment
0/400
No comments
Trade Crypto Anywhere Anytime
qrCode
Scan to download Gate App
Community
English
  • 简体中文
  • English
  • Tiếng Việt
  • 繁體中文
  • Español
  • Русский
  • Français (Afrique)
  • Português (Portugal)
  • Bahasa Indonesia
  • 日本語
  • بالعربية
  • Українська
  • Português (Brasil)