Blockworks Closes Newsroom Amid Industry Move Toward Data-Focused Approaches

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Blockworks Closes Newsroom Amid Industry Move Toward Data-Focused Approaches

Bitget-RWA2025/10/30 00:16

By:Bitget-RWA

- Blockworks is closing its newsroom and expanding data sales as a core revenue stream, projecting over $30M annual revenue. - The shift reflects industry trends toward data-driven models, with firms like Baker Hughes and COLABS investing in tech-enabled energy and workspace solutions. - Tech companies such as Brookfield and Iridium are capitalizing on AI infrastructure and satellite services to meet surging demand for scalable, secure solutions. - Equinix's Q3 growth in interconnection revenue highlights

Blockworks, a leading source for crypto and blockchain news, is in the process of winding down its newsroom operations and shifting its focus toward growing its data division, as reported by

LookonChain

. After raising $12 million in funding in May 2023 at a valuation of $135 million, the company has made data sales a central part of its revenue model, supplementing its established offerings in news, conferences, and research. This move is part of a strategy to push annual revenue beyond $30 million.

Blockworks Closes Newsroom Amid Industry Move Toward Data-Focused Approaches image 0

This change mirrors a larger shift in the media and technology sectors, where businesses are increasingly focusing on data-driven products to keep up with changing market needs. For example,

Baker Hughes

recently landed a long-term deal with Aramco to boost its underbalanced coiled tubing drilling services in Saudi Arabia’s gas sector, according to

Simply Wall St

. The contract, which will start in 2026, highlights how energy companies are turning to advanced technology to improve resource extraction. In a similar vein, COLABS, a coworking space provider from Pakistan, is entering the Riyadh market, strengthening business connections between Saudi Arabia and Pakistan through a partnership with Waseel Partners, as noted in

PR Newswire

. The company’s expansion in flexible office solutions fits with projections that the global coworking industry will reach a $1 billion valuation by 2025, according to the same PR Newswire source.

At the same time, technology companies are seizing opportunities in AI and infrastructure. Brookfield Asset Management has teamed up with Bloom Energy to invest $5 billion in fuel cell technology for AI data centers worldwide, as reported by

Yahoo Finance

. This partnership is designed to meet the growing energy requirements of AI-powered computing infrastructure, emphasizing the industry’s move toward dependable and scalable energy solutions. In related news, Iridium Communications announced a 7% increase in revenue year-over-year for Q3 2025, fueled by rising demand for government and commercial satellite services, according to

GovConWire

. The company’s emphasis on essential infrastructure and government contracts, such as its $738.5 million EMSS deal with the U.S. Space Force, demonstrates the critical role of robust connectivity in key industries.

Equinix, a major player in data center solutions, also posted strong results for Q3 2025, with $394 million in annualized gross bookings and an 8% increase in interconnection revenue, as outlined in

the earnings call transcript

. The company’s investments in distributed AI infrastructure and green bonds highlight the sector’s focus on both innovation and sustainability. Together, these trends point to a broader movement toward data-focused business models, fueled by the rising need for AI, cloud services, and secure digital infrastructure.

As Blockworks makes this transition, it joins a growing number of companies realigning their strategies to leverage data and technology. While the reduction of its newsroom marks a retreat from traditional journalism, the emphasis on data sales reflects a wider industry pattern where information and infrastructure are increasingly intertwined in shaping future markets.

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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