For \(R>0\) , we give a rigorous probabilistic construction on the cylinder \(\mathbb {R}\times (\mathbb {R}/ (2\pi R \mathbb {Z}))\) of the (massless) Sinh-Gordon model. In particular we define the n-point correlation functions of the model and show that these exhibit a scaling relation with respect to R. The construction, which relies on the massless Gaussian Free Field, is based on the spectral analysis of a quantum operator associated to the model. Using the theory of Gaussian multiplicative chaos, we prove that this operator has discrete spectrum and a strictly positive ground state.