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

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.