Sharplink Q1 revenue tops $12 million as it pursues ‘singles and doubles’ hits in ETH yield
The Block
Sharplink reported $12.1 million in Q1 revenue while pivoting toward more sophisticated on-chain yield strategies beyond standard ETH staking.Summary
Sharplink reported $12.1 million in first-quarter 2026 revenue, a significant increase from the previous year, driven by its ETH treasury strategy. Despite this revenue growth, the company posted a net loss of nearly $686 million, largely due to unrealized losses from falling ether prices. CEO Joseph Chalom explained that the firm is transitioning toward a more sophisticated ETH deployment platform, focusing on risk-managed yield strategies rather than high-risk ventures. Additionally, Sharplink is partnering with Galaxy Digital to launch a $125 million on-chain yield fund to explore DeFi and liquidity opportunities.
(Source：The Block)