Company: FUFU
Filing Date: 2025-04-21
Form Type: 20-F
Source: 0001213900-25-033733
Chunk: 147

Company: Bitfufu Inc.
Filing Date: 2025-04-21
Form: 20-F
Item: Item 5
Chunk 147
---
 expect to fund our future capital expenditures with our existing cash balance, equity
and debt financing, and proceed from the Business Combination, as well as digital assets where feasible.

Off-Balance Sheet Arrangements

We have not entered into any
financial guarantees or other commitments to guarantee the payment obligations of any third parties. In addition, we have not entered
into any derivative contracts that are indexed to our securities and classified as shareholders’ equity or that are not reflected
in our consolidated financial statements. Furthermore, we do not have any retained or contingent interest in assets transferred to an
unconsolidated entity that serves as credit, liquidity or market risk support to such entity. Moreover, we do not have any variable interest
in any unconsolidated entity that provides financing, liquidity, market risk or credit support to us or engage in leasing, hedging or
research and development services with us.

We do not currently have any
outstanding off-balance sheet arrangements or commitments. We have no plans to enter into transactions involving, or otherwise form
relationships with, unconsolidated entities or financial partnerships established for the purpose of facilitating off-balance sheet
arrangements or commitments.

Recent Accounting Pronouncements

For a discussion of new accounting
standards relevant to our business, refer to Note 2 to our consolidated financial statements included in this Report.

  Research and Development, Patents and Licenses, etc.  
 ────────────────────────────────────────────────────────

See “ Item 4. Information
on the Company - B. Business Overview - Research and Development” and “ - Intellectual Property.”

  Trend Information  
 ─────────────────────

Other than as disclosed elsewhere
in this Report, we are not aware of any trends, uncertainties, demands, commitments or events for the period since January 1, 2025 that
are reasonably likely to have a material effect on our revenue, profitability, liquidity or capital resources, or that would cause the
disclosed financial information to be not necessarily indicative of future operating results or financial conditions.

  Critical Accounting Estimates  
 ─────────────────────────────────

We prepared the consolidated
financial statements in accordance with U. S. GAAP. When reviewing our financial statements, you should consider our selection
of critical accounting policies, judgments and other uncertainties affecting our applications of those policies and the sensitivity of
reported results to changes of such policies, judgments and uncertainties.

We believe the accounting
policies, such as (i) revenue recognition and (ii) digital assets