Blockworks shuts down its news division as it pivots to a data business.

2025-10-30 04:27:52

Abstract generation in progress

Blockworks announced the closure of its news division and the layoffs of its reporting team as it shifts focus to developing data and software products. Co-founder Jason Yanowitz stated that this decision is aimed at adapting to the changing media landscape, where users now prioritize data as their primary source of information.

Although it still records “record revenue in 2025” and expects continued growth in 2026, Blockworks believes that the data segment offers greater commercial potential compared to news reliant on advertising and events.

The company previously raised $12 million at a valuation of $135 million in 2023. In the coming period, Blockworks will become a “smart data platform,” maintaining podcasts, newsletters, and conferences such as Permissionless and Digital Asset Summit. Many new positions in engineering, product, and content are being recruited.

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