Solmate Infrastructure’s stock rises 50% after announcing plans for Solana validation node center and M&A strategy

After announcing plans for the UAE Solana validation node center, Solmate’s shares increased by 50%. The stock reached an intraday high of approximately 12.55 USD before closing 40% higher at about 11.70 USD.

Solmate secured 300 million USD in PIPE financing and an additional 50 million USD in discounted SOL, enabling its ambitious growth plans through acquisitions.