Source: Blockworks is gradually shutting down its newsroom and pivoting to expand its data business

By: theblockbeats.news|2025/10/30 00:17:57

BlockBeats News, October 30th, according to former Blockworks journalist Sam Reynolds, Blockworks is gradually shutting down its newsroom. The company had previously completed a $12 million funding round in May 2023 at a valuation of $135 million, with investors including 10T Holdings, Framework Ventures, among others.

According to Fortune magazine's April 2025 report, Blockworks, in the process of executing its growth strategy, has added a data sales business line to complement its existing services such as news, conferences, research, consulting, and podcasts. The annual revenue is expected to exceed $30 million.

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