Company: FUFU
Filing Date: 2025-04-21
Form Type: 20-F
Source: 0001213900-25-033733
Chunk: 79

Company: Bitfufu Inc.
Filing Date: 2025-04-21
Form: 20-F
Item: Item 3
Chunk 79
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 with respect to any of such CFCs or furnish to any holder information that may be necessary
to comply with reporting and tax paying obligations if we, or any of our subsidiaries, is treated as a CFC for U. S. federal income
tax purposes. The IRS has provided limited guidance on situations in which investors may rely on publicly available information to comply
with their reporting and tax paying obligations with respect to foreign-controlled controlled foreign corporations. Each U. S. Holder
should consult its own tax advisor regarding the CFC rules and whether such U. S. Holder may be a 10% U. S. equityholder for purposes
of these rules.

Changes to, or changes in interpretations
of, tax laws could have a material adverse effect on our business, financial condition and results of operations.

We are subject to income taxes
and non-income taxes in the United States and other countries in which we transact or conduct business, and such laws and rates
vary by jurisdiction. Tax laws and regulations, including at non-U. S. and U. S. federal and local jurisdictions, frequently change,
especially in relation to the interpretation of existing tax laws for new and emerging industries, and we cannot always reasonably predict
the impact from, or the ultimate cost of compliance with, current or future tax laws.

Any changes in the taxation
of our business activities may increase our worldwide effective tax rate and harm our business, financial condition and results of operations.
Our tax expense could also be impacted by the applicability of withholding taxes and the impact of changes in the evaluation of tax positions
we have taken in prior tax periods. The amount of taxes we pay in these jurisdictions could increase substantially as a result of changes
in the applicable tax principles, including increased tax rates, new tax laws or revised interpretations of existing tax laws and precedents,
which could harm our liquidity and results of operations. For example, various levels of government and international organizations, such
as in the United States, the OECD, and the European Union (“ EU”), have increasingly focused on tax reform and any result
from this development may create changes to long-standing tax principles, which could adversely affect our effective tax rate. On
October 8, 2021, the OECD announced an international agreement with more than 130 countries to implement a new global minimum effective
corporate tax rate of 15% for large multinational companies. In December 2021, the OECD released Model Rules for implementation of Pillar
II followed by the release of detailed commentary in