Company: FUFU
Filing Date: 2025-07-08
Form Type: F-3
Source: 0001213900-25-061902
Chunk: 47

Company: Bitfufu Inc.
Filing Date: 2025-07-08
Form: F-3
Chunk 47
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, and generally could incur liability for the deferred tax and interest charge described above if we were
to receive a distribution from, or dispose of all or part of our interest in, the lower-tier PFIC (even though such U.S. Holder
would not receive the proceeds of those distributions or dispositions) or the U.S. Holders otherwise were deemed to have disposed
of an interest in the lower-tier PFIC. A mark-to-market election generally would not be available with respect to such
lower-tier PFIC. U.S. Holders are urged to consult their own tax advisors regarding the tax issues raised by lower-tier PFICs.

A U.S. Holder that owns
(or is deemed to own) shares in a PFIC during any taxable year of the U.S. Holder may have to file an IRS Form 8621 (whether
or not a mark-to-market election is or has been made) with such U.S. Holder’s U.S. federal income tax return and
provide any such other information as may be required by the Treasury. Failure to do so, if required, will extend the statute of limitations
until such required information is furnished to the IRS.

The rules dealing with
PFICs and mark-to-market elections are very complex and are affected by various factors in addition to those described above. Accordingly,
U.S. Holders of Class A Ordinary Shares should consult their own tax advisors concerning the application of the PFIC rules to
Class A Ordinary Shares under their particular circumstances.

Information Reporting and Backup Withholding

In general, information reporting
requirements will apply to dividends (including constructive dividends) received by U.S. Holders of Class A Ordinary Shares,
and the proceeds received on the disposition of Class A Ordinary Shares effected within the United States (and, in certain cases,
outside the United States), in each case, other than U.S. Holders that are exempt recipients (such as corporations). Backup
withholding (currently at a rate of 24%) may apply to such amounts if the U.S. Holder fails to provide an accurate taxpayer identification
number and certify that it is not subject to backup withholding (generally on an IRS Form W-9 provided to the paying agent or
the U.S. Holder’s broker) or is otherwise subject to backup withholding.

Backup withholding is not
an additional tax. Any amounts withheld under the backup withholding rules may be allowed as a refund or credit against a holder’s
U.S. federal income tax liability, if any, by filing the appropriate