Company: FUFU
Filing Date: 2025-05-22
Form Type: CORRESP
Source: 0001213900-25-046616
Chunk: 0

Company: Bitfufu Inc.
Filing Date: 2025-05-22
Form: CORRESP
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BitFuFu Inc.

9 Temasek Boulevard

Suntec Tower 2, #13-01

Singapore 038989

May 22, 2025

VIA EDGAR

Ms. Kate Tillan

Mr. Mark Brunhofer

Division of Corporation Finance

Office of Crypto Assets

Securities and Exchange Commission

100 F Street, N.E.

Washington, D.C. 20549

| Re: | BitFuFu              
 Inc. (the “Company”) |

Form 20-F for the Fiscal Year Ended December 31, 2024

Filed on April 21, 2025 (File No. 001-41972)

Dear Ms. Kate Tillan and Mr. Mark Brunhofer,

This letter sets forth
the Company’s responses to the comments contained in the letter dated May 14, 2025 from the staff (the “Staff”)
of the Securities and Exchange Commission (the “Commission”) regarding the Company’s annual report on Form 20-F
for the fiscal year ended December 31, 2024 filed with the Commission on April 21, 2025 (the “2024 Form 20-F”).
The Staff’s comments are repeated below in bold and are followed by the Company’s responses thereto. All capitalized terms
used but not defined in this letter shall have the meaning ascribed to such terms in the 2024 Form 20-F.

Form 20-F for the Fiscal Year Ended December 31, 2024

Notes to the Consolidated Financial Statements

Note 2: Summary of Significant Accounting Policies

Digital assets, page F-11

| 1. | You disclose that you hold digital assets for long-term price                                                                                
 appreciation and plan to sell them to support operations as needed and that you classify purchases and sales of digital assets for fiat      
 currency as investing activities. During your earnings call for the fourth quarter of 2024 held on March 25, 2025 we note that you indicated 
 that your general treasury policy is to sell a portion of your mined bitcoins on a daily basis to cover your electricity and hosting         
 costs. Given your adoption of ASU 2023-08 on January 1, 2024, please tell us:                                                                |

| ● | Your consideration for classifying proceeds from sales                                                                                
 of your mined bitcoin to cover your electricity and hosting costs as operating activities under the guidance in ASC 230-10-45-27A. In 
 your response, please