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Sharplink posts $394 million Q2 loss as ETH writedowns swamp revenue

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Sharplink (NASDAQ; SBET) has reported a $394.3 million net loss for the second quarter of 2026 despite an elevenfold jump in its revenue. The loss on the company’s balance sheets is due to non-cash writedowns on its Ethereum treasury. Sharp…

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Sharplink posts $394 million Q2 loss as ETH writedowns swamp revenue
Cryptopolitan News 3h ago

Sharplink posts $394 million Q2 loss as ETH writedowns swamp revenue

Sharplink (NASDAQ; SBET) has reported a $394.3 million net loss for the second quarter of 2026 despite an elevenfold jump in its revenue. The loss on the company’s balance sheets is due to non-cash writedowns on its Ethereum treasury. Sharp…