Company: FUFU
Filing Date: 2025-04-21
Form Type: 20-F
Source: 0001213900-25-033733
Chunk: 116

Company: Bitfufu Inc.
Filing Date: 2025-04-21
Form: 20-F
Item: Item 4
Chunk 116
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 trainings to our employees, which include orientation training for new employees
and continuing on-the-job training for existing employees. We believe we offer our employees competitive compensation packages and
a dynamic work environment that encourages initiative and is based on merit. As a result, we have been able to attract and retain talented
personnel and maintain a stable core management team.

We enter into standard labor
and confidentiality agreements with all employees and non-compete agreements with our core employees. The non-compete restricted
period typically expires six months after the termination of employment.

Facilities

Our corporate headquarters
are located at 9 Temasek Boulevard, Suntec Tower 2, #13-01, Singapore 038989, where we lease approximately 1,500 square feet of commercial
office space pursuant to operating leases that expire in January 2026. We lease all of our facilities and believe that our facilities
are adequate to meet our needs for the immediate future, and that, should it be needed, suitable additional space will be available on
commercially reasonable terms to accommodate any such expansion of our operations.

In addition, we store miners
in and have access to third-party facilities located at Ethiopia and several states in the United States, including Montana, Texas
and Arkansas, among others. In aggregate, we had access to approximately 551 MW electricity capacity in facilities primarily located in
five continents as of December 31, 2024.

Insurance

We provide pension insurance,
unemployment insurance, work-related injury insurance and medical insurance for our employees. We also maintain general third-party liability
insurance, directors’ and officers’ liability insurance, and insurance coverage for our miners that we believe are in line
with the industry practice. We currently do not maintain business interruption insurance, product liability insurance or key-man insurance.

Legal Proceedings

From time to time, we have
been involved in legal proceedings or be subject to claims arising out of our operations. Except as disclosed in “ Item 8. Financial
Information - A. Consolidated Statements and Other Financial Information - Legal Proceedings,” we are not presently a party
to any litigation the outcome of which, we believe, if determined adversely against us, would individually or taken together have a material
adverse effect on our business, financial condition and results of operations. Defending such proceedings is costly and can impose a significant
burden on management and employees. We may receive unfavorable preliminary or interim rulings in the course of litigation, and there can
be no assurances that favorable final outcomes will be