Derived from Blockbeats, Blockworks is reportedly phasing out its newsroom, according to former journalist Sam Reynolds. The company, which raised $12 million at a $135 million valuation in May 2023, has expanded into data sales as part of its growth strategy. As reported by Forbes in April 2025, the new business line complements its existing services, with annual revenue expected to exceed $30 million.
Blockworks to Shut Down Newsroom, Shift Focus to Data Business
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