Company: FUFU
Filing Date: 2025-04-21
Form Type: 20-F
Source: 0001213900-25-033733
Chunk: 35

Company: Bitfufu Inc.
Filing Date: 2025-04-21
Form: 20-F
Item: Item 3
Chunk 35
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 our suppliers and customers are faced with numerous risks, including those arising from pandemics, capacity constraints, labor
strikes, fire, natural disasters (e. g. earthquakes, typhoons), and environmental or occupational disasters. Any of these events could
disrupt our business operations. Facilities supporting our business operations could suffer significant disruptions due to earthquakes,
extreme weather conditions, and other natural disasters or other events beyond our control. We are currently not covered by insurance
against such business disruption. The manufacturing facilities of our suppliers could also be materially and adversely affected by earthquakes,
extreme weather conditions, and other natural disasters or other events beyond our or the suppliers’ control.

Our business could also be
adversely affected by epidemics or outbreaks such as COVID-19, avian flu, and H1N1. An outbreak of those pandemics in the human population,
or another similar health crisis, could adversely affect the economies and financial markets of entire regions, and cause significant
turbulences to the market and supply chain relating to the digital assets. Moreover, any related disruptions to transportation or the
free movement of persons could hamper our operations and force us or our suppliers to close the offices and facilities. The occurrence
of any of the foregoing or other natural or man-made disasters could affect our suppliers, customers, other business partners and
employees, result in significant delays, shortages or other disruptions of our services and adversely affect our business, financial condition,
results of operations and prospects.

Risks Related to Our Industry

It may be or become illegal to acquire,
own, hold, sell or use digital assets, participate in the digital asset networks, or transfer or utilize digital assets in jurisdictions
where we operate due to adverse changes in the regulatory and policy environment in such jurisdictions, which could materially and adversely
affect our business, financial position and results of operations.

We primarily operate in the
United States and Singapore and provides cloud-mining services to a global customer base. Changes in policies and laws regarding
holding, using and/or mining of digital assets, in particular Bitcoins, in the jurisdictions where we provide services and products could
impose restrictions on our operations and cause a decline in customer orders, and adversely affect our business operations and results
of operations. We may have to relocate our operations, adjust our business, face legal and other liabilities and experience a material
loss of revenue if any jurisdiction where we provide services or products or operates our business prohibits or restricts digital asset
mining activities.

We are