Company: FUFU
Filing Date: 2025-11-07
Form Type: F-3
Source: 0001213900-25-107483
Chunk: 10

Company: Bitfufu Inc.
Filing Date: 2025-11-07
Form: F-3
Chunk 10
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ks and uncertainties relating to our operations include, but are not limited to, the following:

| ● | security breaches, threats                              
 and attacks affecting us or the digital asset industry; |

| ● | system failure or other            
 service disruptions of our system; |

| ● | our ability to maintain        
 relevant licenses and permits; |

| ● | our reliance on third-party                                       
 service providers to safeguard and manage certain digital assets; |

| ● | risks related to loss of 
 digital assets;          |

| ● | involvement in legal or 
 other disputes;         |

| ● | risks related to prepayments                                          
 and deposits to suppliers and account receivables from customers; and |

| ● | uncertainties with respect                     
 to the accounting treatment of digital assets. |

Risks Related to Our Industry Risks and uncertainties relating to our industry include, but are not limited to, the following:

| ● | adverse changes in the                                                                                       
 regulatory and policy environment of digital assets and relevant industry players in multiple jurisdictions; |

| ● | concerns about greenhouse                                  
 gas emissions, global climate change and other ESG issues; |

| ● | changes to the method of            
 validating blockchain transactions; |

| ● | increase in mining difficulty                                    
 and reduced economic returns of digital asset mining activities; |

| ● | reduced demand for blockchain                           
 technology, blockchain networks and digital assets; and |

| ● | fraud, hacking or other                       
 adverse events to the digital asset networks. |

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Risks Related to the Regulatory Framework Risks and uncertainties relating to the regulatory framework include, but are not limited to, the following:

| ● | current and future legislation                       
 imposing greater restrictions on the digital assets; |

| ● | determination of us as                                                         
 an investment company under the 1940 Act and relevant regulatory requirements; |

| ● | requirement to register                                        
 as money services business or similar compliance requirements; |

| ● | a digital asset’s                                                                                                     
 being determined as a “security” under relevant laws, and the related registration and other compliance requirements; 
 and                                                                                                                   |

| ● | difficulties in securing                                                                      
 relationship with financial institutions due to our operations in the digital asset industry. |

Risks Related to Our Securities Risks and uncertainties relating to our securities include, but are not limited to, the following:

| ● | uncertainty in the development              
 of an active trading market for our shares; |

| ● | price volatility of our 
 shares;                 |

| ● | sale or availability for                                                                                                              
 sale