Company: FUFU
Filing Date: 2025-07-08
Form Type: F-3
Source: 0001213900-25-061902
Chunk: 9

Company: Bitfufu Inc.
Filing Date: 2025-07-08
Form: F-3
Chunk 9
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, including the risks and uncertainties described below, the risk factors contained in our most recent annual report on Form 20-F, as well as any updates to those risk factors in our reports on Form 6-K, in each case incorporated by reference herein, together with all of the other information appearing or incorporated by reference herein. Any of these risks could have a material adverse effect on our business, financial condition and results of operations. In any such case, the market price of our securities could decline, and you may lose all or part of your investment. Additional risks not presently known to us or that we currently deem immaterial may also impair our business operations. Below is a summary of certain material risks we face, organized under relevant headings. For detailed discussions, see “Risk Factors” in this prospectus and “Item 3. Key Information—D. Risk Factors” in our most recent annual report on Form 20-F, incorporated herein by reference. Risks Related to Our Business Risks and uncertainties relating to our business include, but are not limited to, the following:

| ● | our limited operating history and rapid growth making it difficult to evaluate our business and prospects; |

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| ● | our ability to innovate and provide services and products that meet the expectations of our customers; |

| ● | price fluctuations of digital assets, in particular that of Bitcoin; |

| ● | our ability to compete effectively against current and future competitors; |

| ● | our reliance on a limited number of suppliers to provide us with digital asset mining equipment, hosting facilities, and other products or services critical to our business; |

| ● | our customer concentration; and |

| ● | risks related to power supply, including increases in power costs and power outage. |

Risks Related to Our Operations Risks 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