Company: FUFU
Filing Date: 2025-04-21
Form Type: 20-F
Source: 0001213900-25-033733
Chunk: 184

Company: Bitfufu Inc.
Filing Date: 2025-04-21
Form: 20-F
Item: Item 15
Chunk 184
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 financial closing process. However, based on assessments performed by our management on the performance of certain remediation
measures, we determined that the material weakness in our internal control over financial reporting previously identified had not been
fully remediated.

We plan to continue to implement measures to remedy the identified
material weakness. However, we cannot assure you that these measures may fully address this material weakness in our internal control
over financial reporting or that we may not identify additional material weaknesses or significant deficiencies in the future. See “ Item
3. Key Information - D. Risk Factors - Risks Related to Our Business - If we fail to implement and maintain an effective system
of internal controls to remediate our material weakness over financial reporting, we may be unable to accurately report our results of
operations, meet our reporting obligations or prevent fraud, and investor confidence and the market price of our ordinary shares may be
materially and adversely affected.”

Attestation Report of the Registered Public
Accounting Firm

This Report does not include
an attestation report by our independent registered public accounting firm. For as long as we are an “emerging growth company”
under the JOBS Act, our independent registered public accounting firm will not be required to attest to the effectiveness of our internal
controls over financial reporting pursuant to Section 404.

Changes in Internal Control over Financial
Reporting

Other than as described above,
there were no changes in our internal controls over financial reporting that occurred during the period covered by this Report that have
materially affected, or are reasonably likely to materially affect, our internal control over financial reporting.

ITEM
16. [RESERVED]