Company: FUFU
Filing Date: 2025-06-10
Form Type: 424B5
Source: 0001213900-25-053161
Chunk: 15

Company: Bitfufu Inc.
Filing Date: 2025-06-10
Form: 424B5
Chunk 15
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 an estate the income of which is subject to U.S. federal 
 income tax regardless of its source; or                  |

| ● | a trust (i) if a court within the United States                                                                                 
 is able to exercise primary supervision over the administration of the trust and one or more U.S. persons have the authority to 
 control all substantial decisions of the trust, or (ii) that has a valid election under the Code to be treated as a U.S. person 
 for U.S. federal income tax purposes.                                                                                           |

If a partnership, including for this purpose any entity or arrangement
that is treated as a partnership for U.S. federal income tax purposes, holds Class A Ordinary Shares, the U.S. federal
income tax treatment of a partner in such partnership will generally depend on the status of the partner and the activities of the partnership.
This discussion does not address the tax consequences to any such partner or partnership. A holder that is a partnership and the partners
in such partnership should consult their own tax advisors with regard to the U.S. federal income tax consequences of the ownership
and disposition of Class A Ordinary Shares.

THIS SUMMARY DOES NOT PURPORT TO BE A COMPREHENSIVE ANALYSIS OR DESCRIPTION OF ALL POTENTIAL U.S. FEDERAL INCOME TAX CONSEQUENCES OF THE OWNERSHIP AND DISPOSITION OF CLASS A ORDINARY SHARES. IN ADDITION, THE U.S. FEDERAL INCOME TAX TREATMENT OF THE BENEFICIAL OWNERS OF CLASS A ORDINARY SHARES MAY BE AFFECTED BY MATTERS NOT DISCUSSED HEREIN AND DEPENDS IN SOME INSTANCES ON DETERMINATIONS OF FACT AND INTERPRETATIONS OF COMPLEX PROVISIONS OF U.S. FEDERAL INCOME TAX LAW FOR WHICH NO CLEAR PRECEDENT OR AUTHORITY MAY BE AVAILABLE. HOLDERS SHOULD CONSULT WITH THEIR TAX ADVISORS REGARDING THE PARTICULAR TAX CONSEQUENCES TO THEM OF THE OWNERSHIP AND DISPOSITION OF CLASS A ORDINARY SHARES, INCLUDING THE APPLICABILITY AND EFFECTS OF U.S. FEDERAL, STATE, LOCAL, AND OTHER TAX LAWS.

Our Tax Residence for U.S. Federal Income Tax Purposes

Under current U.S. federal income tax law, a corporation generally
is considered a resident for U.S. federal income tax purposes in its place of organization or incorporation. Accordingly, under the
generally applicable U.S. federal income tax rules, we would generally be classified as a non-U.S. corporation (and