Company: FUFU
Filing Date: 2025-06-10
Form Type: 424B5
Source: 0001213900-25-053161
Chunk: 22

Company: Bitfufu Inc.
Filing Date: 2025-06-10
Form: 424B5
Chunk 22
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.S. Holder holds (or is deemed to hold) Class A Ordinary Shares and for which we are determined to be a PFIC,
such holder generally will not be subject to the PFIC rules described above in respect to its Class A Ordinary Shares as long
as such shares continue to be treated as marketable stock. Instead, in general, the U.S. Holder will include as ordinary income each
year that we are treated as a PFIC the excess, if any, of the fair market value of its Class A Ordinary Shares at the end of its
taxable year over the adjusted basis in its Class A Ordinary Shares. The U.S. Holder also will be allowed to take an ordinary
loss in respect of the excess, if any, of the adjusted basis of its Class A Ordinary Shares over the fair market value of its Class A
Ordinary Shares at the end of its taxable year (but only to the extent of the net amount of previously recognized income as a result of
the mark-to-market election). The U.S. Holder’s adjusted tax basis in its Class A Ordinary Shares will be adjusted
to reflect any such income or loss amounts, and any further gain recognized on a sale or other taxable disposition of the Class A
Ordinary Shares in a taxable year in which we are treated as a PFIC will be treated as ordinary income. Special tax rules may also apply
if a U.S. Holder makes a mark-to-market election for a taxable year after the first taxable year in which the U.S. Holder
holds (or is deemed to hold) its Class A Ordinary Shares and for which we are treated as a PFIC.

The mark-to-market election is available only for stock that is
regularly traded on a national securities exchange that is registered with the Securities and Exchange Commission, including Nasdaq (on
which the Class A Ordinary Shares are listed), or on a foreign exchange or market that the IRS determines has rules sufficient
to ensure that the market price represents a legitimate and sound fair market value. Such stock generally will be “regularly traded”
for any calendar year during which such stock is traded, other than in de minimis quantities, on at least 15 days during each calendar
quarter, but no assurances can be given in this regard with respect to the Class A Ordinary Shares. U.S. Holders should consult
their own tax advisors regarding the availability and tax consequences of a mark-to-market election in respect of Class A Ordinary
Shares under their particular circumstances.

If we are a PFIC