Company: FUFU
Filing Date: 2025-06-10
Form Type: 424B5
Source: 0001213900-25-053161
Chunk: 23

Company: Bitfufu Inc.
Filing Date: 2025-06-10
Form: 424B5
Chunk 23
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 and, at any time, has a foreign subsidiary that is
classified as a PFIC, U.S. Holders generally would be deemed to own a portion of the shares of such lower-tier PFIC, 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