Company: FUFU
Filing Date: 2025-04-21
Form Type: 20-F
Source: 0001213900-25-033733
Chunk: 78

Company: Bitfufu Inc.
Filing Date: 2025-04-21
Form: 20-F
Item: Item 3
Chunk 78
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 purposes if “10%
U. S. equityholders” (as defined below) own, directly, indirectly or constructively, more than 50% of either (i) the total
combined voting power of all classes of stock of such corporation entitled to vote or (ii) the total value of the stock of such corporation.
Certain of our non-U. S. subsidiaries may be classified as CFCs (as a result of the application of certain constructive ownership
rules that treat our U. S. subsidiary as owning the equity of our non-U. S. subsidiaries), and it is possible that we may be classified
as a CFC in the future. The U. S. federal income tax consequences for U. S. Holders who at all times are not 10% U. S. equityholders
would not be affected by the CFC rules. However, a U. S. Holder that owns (or is treated as owning, directly, indirectly or constructively,
including by applying certain attribution rules) 10% or more of the combined voting power of all classes of our capital stock entitled
to vote or the total value of our equity interests (including equity interests attributable to a deemed exercise of options and convertible
debt instruments), or a “10% U. S. equityholder”, if we were classified as a CFC, would generally be subject to current
U. S. federal income taxation on a portion of our applicable subsidiaries’ earnings and profits (as determined for U. S. federal
income tax purposes) and our earnings and profits, regardless of whether such 10% U. S. equityholder receives any actual distributions.
In addition, if we were classified as a CFC, a portion of any gains realized on the sale of our ordinary shares by a 10% U. S. equityholder
may be treated as ordinary income. A 10% U. S. equityholder will also be subject to additional U. S. federal income tax information
reporting requirements with respect to our subsidiaries that are classified as CFCs and with respect to us (if we were classified as a
CFC) and substantial penalties may be imposed for noncompliance. We cannot provide any assurances that we will assist U. S. Holders
in determining whether we or any of our subsidiaries are treated as a CFC for U. S. federal income tax purposes or whether any U. S. Holder
is treated as a 10% U. S. equityholder