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ChainCatcher news, according to The Block, Nasdaq-listed company Solmate Infrastructure (SLMT) saw its stock price surge 40% to $11.7 on Thursday, with a market capitalization reaching $754 millions, after the company announced validator progress, M&A strategy, and PIPE financing updates. Solmate has selected a data center to build its bare-metal validator, which will become the first high-performance Solana node in the Middle East. The company is testing its first validator configuration using "SOL purchased at a historically discounted price." Last month, the former Brera Holdings was renamed Solmate, transforming into a Solana-based digital asset treasury. Institutions such as the Solana Foundation and Cathie Wood's Ark Invest participated in the company's $300 millions PIPE financing. Last week, Solmate received $50 millions worth of discounted SOL from the Solana Foundation to support its infrastructure development in the UAE. CEO Marco Santori stated that the company will implement an "aggressive M&A strategy," seeking target companies that can achieve synergistic growth with the SOL treasury to create more "per-share SOL" value for investors.

Jinse Finance reported that a research report by Guojin Securities stated that crypto mining companies, due to their access to low electricity prices and large amounts of approved power capacity, have become new entrants in the AI data center sector. Currently, most crypto mining farms are preparing to transition into AI data centers, but their transformation strategies and progress vary. It is recommended to pay attention to companies that are more proactive in transitioning to AI data centers, have clear plans for expanding AI computing power and power supply guarantees, and whose combined market value of held tokens, equity, and current contract value is at a discount compared to the current stock price.