Company: FUFU
Filing Date: 2025-03-05
Form Type: POS AM
Source: 0001213900-25-020703
Chunk: 8

Company: Bitfufu Inc.
Filing Date: 2025-03-05
Form: POS AM
Chunk 8
---
 and “FUFUW,” respectively. On February
28, 2025, the closing price of our Class A Ordinary Shares was $5.00. Accordingly, we believe that holders of the Warrants are currently
unlikely to exercise their Warrants.

The total number of Ordinary
Shares (as defined below) outstanding as of December 31, 2024 was 163,106,615 Ordinary Shares, consisting of 28,106,615 Class A Ordinary
Shares and 135,000,000 Class B Ordinary Shares (as defined below). Holders of Class A Ordinary Shares and Class B Ordinary Shares have
the same rights except for voting and conversion rights. Each Class A Ordinary Share is entitled to one vote, and is not convertible
into Class B Ordinary Shares under any circumstances. Each Class B Ordinary Share is entitled to five votes and is convertible into one
Class A Ordinary Share at any time by the holder thereof. As of the date of this prospectus, Leo Lu, our CEO and chairman of the board
of directors, is able to exercise voting rights with respect to over 50% of the voting power of our outstanding shares through his holding
of 135,000,000 Class B Ordinary Shares. We are a “controlled company” as defined under the Corporate Governance Rules of
Nasdaq. For so long as we remain a controlled company under this definition, we are permitted to elect to rely, and currently intend
to rely, on certain exemptions from corporate governance rules, including the exemption from the rule that a majority of our board of
directors must be independent directors. For details, see “Item 3. Key Information—D. Risk Factors—Risks Related to
Our Securities—We are a “controlled company” under the Corporate Governance Rules of Nasdaq and can rely on exemptions
from certain corporate governance requirements that could adversely affect our public shareholders” in our most recent annual report
on Form 20-F, incorporated herein by reference.

We may amend or supplement
this prospectus from time to time by filing amendments or supplements as required. You should read this entire prospectus and any amendments
or supplements carefully before you make your investment decision.

We are an “emerging growth company” as defined in the Jumpstart Our Business Startups Act of 2012 and have elected to comply with certain reduced public company reporting requirements.

We are also a “foreign private issuer,” as defined in the Securities and Exchange Act of 1934, as amended (the “Exchange