Sharplink, Inc.

Good morning, everyone, and thank you for participating in today's conference call to discuss Sharpling's financial and operating results for the first quarter ended March 31st, 2026. By now, everyone should have access to the first quarter 2026 earnings press release, which was issued this morning at approximately 8 a.m. Eastern time. The release is available in the investor relations section of Sharpling's. website. This call will also be available for webcast replay on the company's website. Following the management's prepared remarks, we will open the call for questions. I will now hand the call over to Sharpling, Vice President of Business and Legal Affairs, Dodie Handy, for introductory comments. Please go ahead.

Thank you, Operator. Please see Sharpling's quarterly report on Form 10-Q filed on Friday, May 8, 2026 with the SEC, along with the earnings press release that crossed the wire this morning. These documents list some of the factors that may cause the results of Sharpling to differ materially from what we see today and identify some of the risks and uncertainties that could affect our business, prospects, and future results. SharpLink assumes no duty and does not undertake to update any forward-looking statements. Any forward-looking statement made by us during this call is based only on information currently available to us and speaks only as of the date when it is made. In addition, we may be discussing or providing certain metrics today, such as ETH per share and other Treasury-related performance metrics, that are not GAAP measures. Please see our earnings press release and our SEC filings for further information regarding these metrics. To set the agenda for today's call, we will begin with Joe Lubin, Sharplink's chairman, co-founder of Ethereum, and founder and CEO of ConsenSys. Joe will provide a broader perspective on Ethereum's technological evolution, ecosystem development, and long-term role in global financial infrastructure. Next, Sharplink's Chief Executive Officer, Joseph Shalom, will share his thoughts on the current market environment as well as Sharplink's active treasury management strategy and discipline execution to date. Finally, our Chief Financial Officer, Bob DeLucia, will review Sharplink's financial results for the first quarter of 2026, along with key performance metrics related to our ETH treasury. I would now like to turn the call over to Sharplink's Chairman of the Board, Joseph Lubin. Good morning, Joe.

Thank you, Dodie, and good morning, everyone. From my vantage point as co-founder of Ethereum and founder and CEO of ConsenSys, I want to take a step back and frame the broader technological evolution that is unfolding across Ethereum. What we're witnessing is the continued maturation of a global programmable financial infrastructure. Ethereum has become the foundation for a new class of markets built on transparency, composability, credible neutrality, and trust minimization. At its core, Ether is not just a digital asset. It is a productive, programmable financial primitive that powers this system. It secures the network, enables economic coordination across applications, and increasingly underpins a wide range of financial activity, from stablecoins to tokenized assets to decentralized finance. What differentiates Ethereum is the depth and breadth of its ecosystems. The Ethereum Foundation, alongside a global community of researchers, developers, and organizations like ConsenSys, continues to lead in defining both the problem space and the solution space for decentralized systems. The pace of innovation and development has dramatically accelerated recently due to assists from machine intelligence. This includes advancements at the base layer, improvements in scalability through layer twos, and critical work around privacy, security, and long-term resilience. What's most exciting about Ethereum's recent trajectory is that the base layer is now scaling visibly and on a predictable cadence. Since May of 2025, Ethereum has shipped two consecutive on-time hard forks, Pectra and Fusaka, raising L1 execution capacity and materially expanding data availability for layer twos. The next major upgrade, Clamsterdam, is currently targeted for the first half of 2026 and designed to improve block processing and supporting upgrades that will enable higher L1 throughput in the future. Ethereum's advantage is not only that it has the deepest application, developer, and institutional ecosystem, it is also that the protocol continues to scale and harden at the base layer in parallel with advances at layer two. And recent advances in synchronous composability across L1 and L2s will soon enable cross-chain atomic transaction execution and unification of liquidity pools. An area that has received increased attention recently is quantum computing. While quantum represents a non-zero risk over time, it is important to separate signal from noise. There will be a great deal of forensic speculation and misinformation in this space over the coming years. From our perspective, Ethereum is well positioned to lead the way for decentralized protocols into the post-quantum future. Becoming quantum safe won't be a detour for Ethereum. is a natural outcome of the Ethereum roadmap involving real-time zero-knowledge proving of blocks designed to grow transaction throughput by orders of magnitude. The Ethereum ecosystem has been actively researching quantum-resistant cryptography for many years. A key design principle of Ethereum is cryptographic agility, meaning the network can evolve its underlying cryptographic primitives as new, more secure standards emerge. This is not a reactive posture, but something that has been anticipated and designed for. We're already seeing work across the ecosystem exploring alternatives to elliptic curve cryptography, including hash-based and lattice-based approaches. These are kinds of foundational upgrades that can be implemented over time in a measured and secure way, consistent with Ethereum's approach to long-term durability. Ethereum is already ahead of both other blockchains and traditional systems in preparing for emerging risks like quantum computing. The ecosystem has been proactively developing quantum resistant cryptography for years, supported by a core design principle of cryptographic agility that allows the network to evolve its security architecture as new standards emerge. This forward-looking approach positions Ethereum as a more secure and resilient platform relative to others, but it also reinforces the importance of building systems that are adaptable and future-proof. Unlike other blockchain technologies that are very likely to get slower in order to become quantum safe, Ethereum will scale up dramatically, even while hardening against quantum computing threats. Beyond security and resilience, Ethereum continues to extend its lead across the dimensions that matter most. It has the deepest liquidity, the largest developer ecosystem, and the strongest network effects in decentralized finance, stable coins, and tokenized assets. It is where institutions are choosing to build, not just experiment. And it is where new economic models, including agentic finance and autonomous on-chain activity, are beginning to take shape. As this ecosystem grows, we expect Ether to increasingly differentiate itself from other digital assets. While correlations may persist in the short term, the long-term drivers of value for ETH are fundamentally different. They're tied to network usage, economic activity, and the expansion of on-chain financial infrastructure. The number of transactions per day on Ethereum has risen steadily in 2026. As Ether and Ethereum bring far greater trust to on-chain transactions, processes, and agreements, various kinds of financial risks will be lessened or eliminated, and additional value will accrue to Ether in the form of a monetary premium. Over time, we believe this will lead to a meaningful decoupling to the upside from Bitcoin. Bitcoin has established itself as a store of value. Ether is also a store of value, and Ethereum is a productive, programmable platform powering a rapidly expanding digital economy. Ether's value is increasingly driven by the breadth and depth of activity happening on-chain. Ethereum is quickly becoming the settlement layer for the global digital economy, and Sharplink is positioned to translate that growth into long-term sustainable shareholder value. With that, I'd like to turn the call over to our Chief Executive Officer, Joseph Shalom, to discuss how Sharplink is positioned to capitalize on the Ethereum opportunity. Joseph?