{"schema_version":"secwatch.filing_event.v1","accession":"0001641172-25-024278","form_type":"8-K","ticker":"SBET","cik":"0001981535","company_name":"Sharplink, Inc.","filed_at":"2025-08-15T23:59:59+00:00","discovered_at":"2026-05-14T18:02:45.754289+00:00","generated_at":"2026-05-17T12:37:25.491755+00:00","sec_items":["2.02","9.01"],"event_type":"earnings","sentiment":"negative","materiality_score":0.85,"calibrated_materiality_score":0.85,"confidence":"high","headline":"SharpLink Q2 net loss $103.4M, holds 728,804 ETH; new treasury strategy","bullets":["Net loss $103.4M for Q2 2025 vs. $0.5M loss in Q2 2024; includes $87.8M non-cash LsETH impairment and $16.4M stock-based compensation.","Revenue $0.7M, down from $1.0M; gross profit $0.2M (30% margin).","Holds 728,804 ETH, staked ~100%, generating 1,326 ETH cumulative rewards; raised over $2.6B capital.","Joseph Lubin (Ethereum co-founder) named Chairman; Joseph Chalom (ex-BlackRock) appointed Co-CEO.","Introduced ETH Concentration metric; increased 98% to 3.95 from 2.00."],"urls":{"canonical":"https://secwatch.observer/filing/0001641172-25-024278","json":"https://secwatch.observer/filing/0001641172-25-024278.json","markdown":"https://secwatch.observer/filing/0001641172-25-024278.md","text":"https://secwatch.observer/filing/0001641172-25-024278.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1981535/000164117225024278/0001641172-25-024278-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1981535/000164117225024278/form8-k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-05-17T12:37:25.491755+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}