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

Company: Bitfufu Inc.
Filing Date: 2025-04-21
Form: 20-F
Item: Item 3
Chunk 20
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a major cyber-attack in the future. To the extent that any disruption or security breach results in a loss or damage to our network,
in unauthorized disclosure of confidential information or in a loss of our digital assets, it could cause significant damage to our reputation,
lead to claims against us and ultimately have a material adverse effect on our business, financial condition and results of operations.
Additionally, we may be required to incur significant costs to protect against damage caused by these disruptions or security breaches
in the future.

Any failure in our critical systems could
lead to disruptions in our businesses and could harm our reputation and result in financial penalty and legal liabilities, which would
reduce our revenue and have a material adverse effect on our business, financial condition and results of operations.

The critical systems underlying
our services and products could experience failure, such as a breakdown in critical system, equipment or services, routers, switches or
other equipment. The facilities hosting our miners could experience power supply or network connectivity issues. Such failure, whether
or not within our control, could interrupt our service provision, and adversely affect our customers’ operation and cause equipment
damage, all of which could significantly disrupt our normal business operations, harm our reputation and reduce our revenue. Any such
failure or downtime could impact mining rewards generated by us and reduce the profitability of our customers. The total destruction or
severe impairment of any of the facilities we operate could result in significant service downtime and loss of customer data. Since our
ability to attract and retain customers depends on our ability to provide highly reliable service, even minor interruptions in our service
could harm our reputation and negatively impact our revenue and profitability. The services we provide are subject to failures resulting
from numerous factors, including:

  power loss;  

  equipment failure;  

  human error or accidents;  

  theft, sabotage and vandalism;  

  failure by us or our suppliers to provide adequate service or maintain the equipment;  

  network connectivity downtime and fiber cuts;  

  service interruptions resulting from server relocation;  

  security breaches;  

  improper maintenance;  

  physical, electronic and cybersecurity breaches;  

  animal incursions;  

  fire, earthquake, hurricane, tornado, flood and other natural disasters;  

  extreme temperatures;  

  water damage;  

  public health emergencies; and  

  terrorism.  

Moreover, service interruptions
and equipment failures may expose us to potential legal liability. Any disruption in our services could result in lost profits of or other
indirect or consequential damages to our customers.