[Sources: Blockworks is gradually shutting down its newsroom, shifting focus to data business expansion] BlockBeats reports that on October 30, according to former Blockworks journalist Sam Reynolds, Blockworks is gradually shutting down its newsroom. The company had completed a $12 million funding round in May 2023 at a valuation of $135 million, with investors including 10T Holdings and Framework Ventures. According to Fortune's April 2025 report, Blockworks, in the process of executing its growth strategy, added a data sales business line to complement its existing services such as news, conferences, research, consulting, and podcasts. Its annual revenue is expected to exceed $30 million.