SharpLink Gaming's stock fell nearly 15% as it reported $103 million in net losses for Q2, contrasting sharply with $12 million in profits during the same period last year. Revenue dropped by 30% to $1.4 million, highlighting challenges faced by the Ethereum treasury firm. The company attributed its losses to a significant non-cash impairment loss on its LSE holdings data and stock-based compensation linked to a strategic partnership with blockchain infrastructure firm Consensys. Meanwhile, Ethereum's price slipped below $4,400 amid economic uncertainties and geopolitical tensions, impacting SharpLink's valuations negatively. The firm holds approximately 728,804 ETH, worth around $3.23 billion. The disappointing earnings were the first since SharpLink shifted its focus to an Ethereum-centered strategy in May. Executives emphasized that the impairment loss was non-cash and consistent with current accounting practices, aiming to clarify transparency for investors.

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