Company: FUFU
Filing Date: 2025-04-21
Form Type: F-3/A
Source: 0001213900-25-033745
Chunk: 12

Company: Bitfufu Inc.
Filing Date: 2025-04-21
Form: F-3/A
Chunk 12
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 increase in mining difficulty                                    
 and reduced economic returns of digital asset mining activities; |

| ● | reduced demand for blockchain                           
 technology, blockchain networks and digital assets; and |

| ● | fraud, hacking or other adverse       
 events to the digital asset networks. |

Risks Related to the Regulatory Framework Risks and uncertainties relating to the regulatory framework include, but are not limited to, the following:

| ● | current and future legislation                       
 imposing greater restrictions on the digital assets; |

| ● | determination of us as an investment                             
 company under the 1940 Act and relevant regulatory requirements; |

| ● | requirement to register as                                  
 money services business or similar compliance requirements; |

| ● | a digital asset’s being                                                                                             
 determined as a “security” under relevant laws, and the related registration and other compliance requirements; and |

| ● | difficulties in securing relationship                                            
 with financial institutions due to our operations in the digital asset industry. |

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Risks Related to Our Securities Risks and uncertainties relating to our securities include, but are not limited to, the following:

| ● | uncertainty in the development              
 of an active trading market for our shares; |

| ● | price volatility of our shares; |

| ● | sale or availability for sale of substantial amounts of our shares by our selling shareholders that could cause the price of our shares to fall, and certain selling shareholders can earn a positive rate of return on their investment, even if other shareholders experience a negative return; |

| ● | potential additional dilution           
 resulted from the exercise of warrants; |

| ● | warrant may expire worthless,      
 as they may never be in the money; |

| ● | potential dilution for existing                      
 shareholders upon our issuance of additional shares; |

| ● | potential treatment of our                       
 company as a passive foreign investment company; |

| ● | our dual-class structure and                                             
 impact on relevant shareholders’ ability to influence corporate matters; |

| ● | our Amended and Restated Memorandum                                                                                                 
 and Articles of Association and Cayman Islands law may have the effect of discouraging lawsuits against our directors and officers; |

| ● | anti-takeover provisions contained                                                                                                       
 in our Amended and Restated Memorandum and Articles of Association, as well as provisions of Cayman Islands law, could impair a takeover 
 attempt;                                                                                                                                 |

| ● | exemptions from requirements                                                          
 applicable to other public companies due to our status as an emerging growth company; |

| ● | difficulties in effecting