Company: FUFU
Filing Date: 2025-06-10
Form Type: 424B5
Source: 0001213900-25-053161
Chunk: 27

Company: Bitfufu Inc.
Filing Date: 2025-06-10
Form: 424B5
Chunk 27
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| ● | equity awards to acquire up                                                                            
 to 7,157,193 Class A Ordinary Shares to be issued pursuant to the Company’s 2022 Share Incentive Plan. |

Furthermore, the table above assumes for illustrative purposes that
an aggregate of 42,613,636 Class A Ordinary Shares are sold at an assumed offering price of $3.52 per share. The actual number of Class
A Ordinary Shares sold, if any, will vary depending on the actual sales price per share based on prevailing market conditions from time
to time during this offering. There is no assurance that we will sell any or all Class A Ordinary Shares pursuant to this prospectus supplement
and the accompanying prospectus.

| 1 | Including restricted cash |

<div align='center'>S-17

DILUTION</div>

If you invest in our Class
A Ordinary Shares in this offering, you will experience dilution to the extent of the difference between the public offering price per
share and the net tangible book value per share of our Class A Ordinary Shares immediately after this offering.

Our net tangible book
value on March 31, 2025 was approximately $144.5 million, or $0.89 per Class A Ordinary Share. “Net tangible book value”
is total assets minus the sum of liabilities and intangible assets. “Net tangible book value per share” is net tangible
book value divided by the total number of shares outstanding. Dilution in net tangible book value per share represents the
difference between the amount per share paid by purchasers of Class A Ordinary Shares in this offering and the net tangible book
value per share of our Class A Ordinary Shares immediately after this offering.

After giving effect to the assumed issuance and sale of shares of our
Class A Ordinary Shares in this offering in the aggregate amount of $150,000,000 at an assumed public offering price of $3.52 per share,
which was the last reported sale price of our common stock on The Nasdaq Capital Market on June 6, 2025, and after deducting the commissions
and estimated offering expenses payable by us, our as-adjusted net tangible book value as of March 31, 2025 would have been $290.5 million,
or $1.41 per Class A Ordinary Share. This represents an immediate increase in net tangible book value of $0.52 per Class A Ordinary Shares
to our existing shareholders and an immediate dilution of $2.11 per share to purchasers of Class A Ordinary