Company: FUFU
Filing Date: 2025-04-21
Form Type: F-3/A
Source: 0001213900-25-033745
Chunk: 11

Company: Bitfufu Inc.
Filing Date: 2025-04-21
Form: F-3/A
Chunk 11
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. Additional risks not presently known to us or that we currently deem immaterial may also impair our business operations. Below is a summary of certain material risks we face, organized under relevant headings. For detailed discussions, see “Risk Factors” in this prospectus and “Item 3. Key Information—D. Risk Factors” in our most recent annual report on Form 20-F, incorporated herein by reference. Risks Related to Our Business Risks and uncertainties relating to our business include, but are not limited to, the following:

| ● | our limited operating history                                                
 and rapid growth making it difficult to evaluate our business and prospects; |

| ● | our ability to innovate and                                                
 provide services and products that meet the expectations of our customers; |

| ● | price fluctuations of digital          
 assets, in particular that of Bitcoin; |

| ● | our ability to compete effectively      
 against current and future competitors; |

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| ● | our reliance on a limited number                                                                                                             
 of suppliers to provide us with digital asset mining equipment, hosting facilities, and other products or services critical to our business; |

| ● | our customer concentration; 
 and                         |

| ● | risks related to power supply,                       
 including increases in power costs and power outage. |

Risks Related to Our Operations Risks and uncertainties relating to our operations include, but are not limited to, the following:

| ● | security breaches, threats                              
 and attacks affecting us or the digital asset industry; |

| ● | system failure or other service 
 disruptions of our system;      |

| ● | our ability to maintain relevant 
 licenses and permits;            |

| ● | our reliance on third-party                                       
 service providers to safeguard and manage certain digital assets; |

| ● | risks related to loss of digital 
 assets;                          |

| ● | involvement in legal or other 
 disputes;                     |

| ● | risks related to prepayments                                          
 and deposits to suppliers and account receivables from customers; and |

| ● | uncertainties with respect                     
 to the accounting treatment of digital assets. |

Risks Related to Our Industry Risks and uncertainties relating to our industry include, but are not limited to, the following:

| ● | adverse changes in the regulatory                                                                 
 and policy environment of digital assets and relevant industry players in multiple jurisdictions; |

| ● | concerns about greenhouse gas                          
 emissions, global climate change and other ESG issues; |

| ● | changes to the method of validating 
 blockchain transactions;            |

| ● |