PANews reported on October 24th that Nasdaq-listed Solmate Infrastructure (SLMT) announced it has selected a data center, assembled a bare-metal validator, and tested the configuration, using Solmate (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 Solmate reserves to fuel growth in acquired businesses. Solmate previously completed a $300 million PIPE financing round with support from the Solana Foundation and others, and recently secured an additional $50 million in discounted Solmate. The news sent the stock price soaring to an intraday high of approximately $12.55 before closing up approximately 40% at $11.70, with a market capitalization of approximately $754 million.