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

Company: Bitfufu Inc.
Filing Date: 2025-04-21
Form: 20-F
Item: Item 3
Chunk 21
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 Although our customer contracts typically contain provisions limiting our liability
for breach of such agreements, there can be no assurance that a court would enforce any contractual limitations on our liability in the
event that one of our customers brings a lawsuit against us as the result of a service interruption that they may ascribe to us. The outcome
of any such lawsuit would depend on the specific facts of the case and any legal and policy considerations that we may not be able to
mitigate. In such cases, we could be liable for substantial damages, which would as a result have a material adverse effect
on our business, financial condition and results of operations.

Any failure to obtain or renew any approvals,
licenses, permits or certifications necessary to our operations could materially and adversely affect our business, reputation, results
of operations and prospects.

In accordance with the laws
and regulations in the jurisdictions in which we operate, we are required to maintain various approvals, licenses, permits and certifications
to operate our business. Complying with such laws and regulations may require substantial expense, and any non-compliance may expose
us to liability. In the event of non-compliance, we may have to incur significant expenses and divert substantial management time to rectify
the incidents. In the future, if we fail to obtain all the necessary approvals, licenses, permits and certifications, we may be subject
to fines or the suspension of operations at the production facilities and research and development facilities that do not have all the
requisite approvals, licenses, permits and certifications, which could materially and adversely affect our business, reputation, results
of operations and prospects. See “ Item 4. Information on the Company - B. Business Overview - Government Regulation”
for further details on the requisite approvals, licenses, permits and certifications necessary for our business operations.

We cannot assure you that
we will be able to fulfill all the conditions necessary to obtain the required government approvals, or that relevant government officials
will always, if ever, exercise their discretion in our favor, or that we will be able to adapt to any new laws, regulations and policies.
There may also be delays on the part of government authorities in reviewing our applications and granting approvals, whether due to the
lack of human resources or the imposition of new rules, regulations, government policies or their implementation, interpretation and enforcement.
If we are unable to obtain, or experience material delays in obtaining, necessary government approvals, our operations may be substantially
disrupted, which could materially and adversely affect our business, financial condition and results