Company: FUFU
Filing Date: 2025-07-08
Form Type: F-3
Source: 0001213900-25-061902
Chunk: 37

Company: Bitfufu Inc.
Filing Date: 2025-07-08
Form: F-3
Chunk 37
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AX CONSIDERATIONS</div>

U.S. Federal Income Tax Considerations

The following is a general
discussion of certain material U.S. federal income tax consequences of the ownership and disposition of Class A Ordinary Shares
for a U.S. Holder (as defined below). This discussion address only U.S. Holders that acquire Class A Ordinary Shares in this offering.
This discussion is for general information purposes only and does not purport to be a complete analysis or listing of all potential U.S.
federal income tax consequences that may apply to a U.S. holder as a result of the ownership and disposition of Class A Ordinary Shares.
In addition, this discussion does not address all aspects of U.S. federal income taxation that may be relevant to particular holders nor
does it take into account the individual facts and circumstances of any particular holder that may affect the U.S. federal income tax
consequences to such holder, and accordingly, is not intended to be, and should not be construed as, tax advice.

This discussion is based
on provisions of the U.S. Internal Revenue Code of 1986, as amended (the “Code”), the U.S. Treasury Regulations promulgated
thereunder (whether final, temporary, or proposed) (the “Treasury Regulations”), published administrative rulings of the IRS,
and judicial decisions, all as in effect on the date hereof. Any of the authorities on which this summary is based could be changed in
a material and adverse manner at any time, and any such change could be applied on a retroactive or prospective basis which could affect
the U.S. federal income tax considerations described in this summary. This discussion does not address the U.S. federal 3.8% Medicare
tax imposed on certain net investment income or any aspects of U.S. federal taxation other than those pertaining to the income tax,
nor does it address any tax consequences arising under any U.S. state and local, or non-U.S. tax laws. U.S. Holders should consult
their own tax advisors regarding such tax consequences in light of their particular circumstances.

This summary is limited to
considerations relevant to U.S. Holders that hold Class A Ordinary Shares as “capital assets” within the meaning
of section 1221 of the Code (generally, property held for investment). This discussion does not address all aspects of U.S. federal
income taxation that may be important to holders in light of their individual circumstances, including holders subject to special treatment
under the U.S