Company: FUFU
Filing Date: 2025-01-16
Form Type: 424B3
Source: 0001213900-25-004013
Chunk: 1

Company: Bitfufu Inc.
Filing Date: 2025-01-16
Form: 424B3
Chunk 1
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 requirements
of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto
duly authorized.

| Date: January 16, 2025 | BitFuFu Inc. 
 By:          | /s/ Leo Lu                         |
|:-----------------------|:-------------|:-----------------------------------|
|                        | Name:        | Leo Lu                             |
|                        | Title:       | Chairman of Board of Directors and 
 Chief Executive Officer            |

<div align='center'>2</div>

Exhibit 99.1

<div align='center'>BitFuFu Announces Entry into Letter of Intent to Acquire Majority Stake in 51-MW Bitcoin Mining Facility
in Oklahoma, United States</div>

SINGAPORE, January 16, 2025 - BitFuFu Inc., (“BitFuFu”
or “the Company”) (NASDAQ: FUFU), a global leader in Bitcoin mining and comprehensive mining services, announced today that
it has signed a letter of intent to acquire a majority stake in a 51-megawatt (MW) Bitcoin mining facility in the State of Oklahoma, United
States.

Strategically located in an unpopulated area, the facility has completed
construction of its power and mining infrastructure. It boasts a reliable power supply of 51 MW from the grid at a competitive average
cost of approximately 3 cents per kilowatt-hour. Operating air-cooled Bitcoin miners, the facility has consistently delivered high levels
of hashrate efficiency.

The transaction, expected to close in the first half of 2025 if consummated,
is structured as a majority equity acquisition. The proposed transaction is subject to a definitive agreement to be negotiated between
the parties, conditioned upon further financial and legal due diligence, as well as other customary closing conditions. There is no assurance
that any transaction will be concluded.

“This acquisition would represent a pivotal step in advancing
our North American expansion strategy and 1GW global power capacity build-up plan,” said Leo Lu, Chairman and CEO of BitFuFu. “By
securing access to long-term, low-cost, and reliable power, we are not only enhancing our operational efficiency but also reinforcing
our position as a leader in Bitcoin mining. Our ability to identify and capitalize on strategic opportunities is a testament to the scale
of our global hashrate network and the insights into mining operations. This transaction underscores our unwavering commitment to delivering