Company: FUFU
Filing Date: 2025-07-08
Form Type: F-3
Source: 0001213900-25-061902
Chunk: 14

Company: Bitfufu Inc.
Filing Date: 2025-07-08
Form: F-3
Chunk 14
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 additional sale or issuance of Class A Ordinary Shares or other securities that are convertible
or exchangeable into Class A Ordinary Shares, shareholders will suffer dilution to their voting power and economic interest in us. Furthermore,
to the extent holders of our warrants, options or other convertible securities convert or exercise their securities and sell the Class
A Ordinary Shares they receive, the trading price of our Class A Ordinary Shares may decrease due to the additional amount of Class A
Ordinary Shares available in the market.

Future sales, or the perception of future sales, of our Class A Ordinary Shares by existing shareholders could adversely affect prevailing market prices for our Class A Ordinary Shares.

Sales of a large number of our Class A Ordinary
Shares in the public markets, or the potential for such sales, could decrease the trading price of our Class A Ordinary Shares. If any
significant shareholder decides to liquidate all or a significant portion of the Class A Ordinary Shares held, it could adversely affect
the price of our Class A Ordinary Shares. Our Class A Ordinary Shares may be sold into the market from time to time, and we cannot predict
the effect, if any, such sales of our Class A Ordinary Shares may have on the market price of our Class A Ordinary Shares, including the
Class A Ordinary Shares being offered hereby.

The market price of our Class A Ordinary Shares may be volatile and could decline substantially.

The market price of our Class
A Ordinary Shares may be volatile, both because of actual and perceived changes in our financial results and prospects, and because of
general volatility in the stock market. The factors that could cause fluctuations in our share price may include, among other factors
discussed in this section, the following:

| ● | actual                                                                                                                                    
 or anticipated variations in the financial results and prospects of the company or other companies in the digital asset-related industry; |

| ● | changes                                      
 in economic and financial market conditions; |

| ● | changes                                                                            
 in the market valuations of other companies in the digital asset-related industry; |

| ● | announcements                                                                                                              
 by us or our competitors of new services, expansions, investments, acquisitions, strategic partnerships or joint ventures; |

| ● | mergers                                      
 or other business combinations involving us; |

| ● | additions                                              
 and departures of key personnel and senior management; |

| ● | changes                   
 in accounting principles; |

| ● | the                                                                        
 passage of legislation or other developments affecting us or our industry; |

| ● | the                                                                 
 trading volume of the Class A Ordinary