Company: FUFU
Filing Date: 2025-04-21
Form Type: 20-F
Source: 0001213900-25-033733
Chunk: 28

Company: Bitfufu Inc.
Filing Date: 2025-04-21
Form: 20-F
Item: Item 3
Chunk 28
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 receivable turnover days
may increase, which in turn could materially and adversely affect our liquidity, financial condition and results of operations.

Because there has been limited precedent
set for financial accounting for Bitcoin and other digital assets, the determinations that we have made for how to account for digital
assets transactions are subject to change.

Because there has been limited
precedent set for the financial accounting for Bitcoin and other digital assets and related revenue recognition and limited official guidance
has been provided by the Financial Accounting Standards Board or the SEC, it is unclear how companies may in the future be required to
account for digital asset transactions and assets and related revenue recognition. A change in regulatory or financial accounting standards
could result in the necessity to change the accounting methods we currently intend to employ in respect of our anticipated revenues and
assets and restate any financial statements produced based on those methods. Such a restatement could adversely affect our business, prospects,
financial condition and results of operation.

We may not be able to adequately protect
our intellectual property rights and other proprietary rights, which could have a material adverse effect on business, financial condition
and results of operations.

We may not be able to obtain
adequate protection for all of our existing and future intellectual property and other proprietary rights in every country in which we
operate. Protecting our intellectual property rights and other proprietary rights may require significant financial, managerial and operational
resources. Moreover, the steps that we may take to protect our intellectual property and other proprietary rights may not be adequate
to protect such rights or prevent third parties from infringing or misappropriating such rights. Any of our intellectual property rights
and other proprietary rights, whether registered, unregistered, issued or unissued, may be challenged by others or invalidated through
administrative proceedings and/or litigation. In addition, despite our efforts, we may not be able to prevent third parties from infringing
upon, misappropriating or otherwise violating our intellectual property rights and other proprietary rights. We may initiate claims, administrative
proceedings and/or litigation against others for infringement, misappropriation or violation of our intellectual property rights or other
proprietary rights to enforce and/or maintain the validity of such rights. Any such action, if initiated, whether or not it is resolved
in our favor, could result in significant expense to us, and divert the time and attention of our personnel, which may have a material
adverse effect on our business, financial condition and results of operations.

We may face intellectual property infringement
claims or other