Company: FUFU
Filing Date: 2025-11-07
Form Type: F-3
Source: 0001213900-25-107483
Chunk: 14

Company: Bitfufu Inc.
Filing Date: 2025-11-07
Form: F-3
Chunk 14
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 under the symbol “FUFU.”                                                                            |

<div align='center'>6

RISK FACTORS</div>

Any investment in our securities involves a high degree of risk. Before making an investment decision, you should read and carefully consider the risks and uncertainties described under the caption “Risk Factors” in our most recent annual report on Form 20-F, which is incorporated by reference herein, and which may be amended, supplemented or superseded from time to time by other reports we file with the SEC in the future. If any of these risks actually occur, our business, financial condition, results of operations and prospects could be materially and adversely affected and we may not be able to achieve our goals, the value of our securities could decline and you could lose some or all of your investment.

We may not be successful in preventing the material adverse effects that any of the following risks and uncertainties may cause. These potential risks and uncertainties may not be a complete list of the risks and uncertainties facing us. There may be additional risks and uncertainties that we are presently unaware of, or presently consider immaterial, that may become material in the future and have a material adverse effect on us. You could lose all or a significant portion of your investment due to any of these risks and uncertainties.

Risks Related to This Offering

Our Class A Ordinary Shares may be diluted by future issuances.

We may sell additional Class
A Ordinary Shares or other securities that are convertible or exchangeable into Class A Ordinary Shares in subsequent offerings or may
issue additional Class A Ordinary Shares or other securities to finance future acquisitions. Any further issuances of Class A Ordinary
Shares will result in immediate dilution to existing shareholders and may have an adverse effect on the value of their shareholdings.

We cannot predict the size
or nature of future sales or issuances of securities or the effect, if any, that such future sales and issuances will have on the market
price of our Class A Ordinary Shares. Sales or issuances of substantial numbers of Class A Ordinary Shares or other securities that are
convertible or exchangeable into Class A Ordinary Shares, or the perception that such sales or issuances could occur, may adversely affect
prevailing market prices of our Class A Ordinary Shares. With any additional sale or issuance of Class A Ordinary Shares or other securities
that are convertible or exchangeable into Class A Ordinary Shares, shareholders will suffer dilution to their voting power and economic
interest in us. Furthermore, to the extent holders of our warrants, options or other convertible securities convert