Company: FUFU
Filing Date: 2025-03-05
Form Type: POS AM
Source: 0001213900-25-020703
Chunk: 21

Company: Bitfufu Inc.
Filing Date: 2025-03-05
Form: POS AM
Chunk 21
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 assets, 
 in particular that of Bitcoin;        |

| ● | our ability to compete effectively      
 against current and future competitors; |

| ● | our reliance on a limited number                                                              
 of suppliers to provide us with digital asset mining equipment, hosting facilities, and other 
 products or services critical to our business;                                                |

| ● | our customer concentration; and |

| ● | risks related to power supply, including   
 increases in power costs and power outage. |

Risks Related to Our Operations Risks and uncertainties relating to our operations include, but are not limited to, the following:

| ● | security breaches, threats and attacks      
 affecting us or the digital asset industry; |

| ● | system failure or other service disruptions 
 of our system;                              |

| ● | our ability to maintain relevant 
 licenses and permits;            |

| ● | our reliance on third-party service                       
 providers to safeguard and manage certain digital assets; |

| ● | risks related to loss of digital 
 assets;                          |

| ● | involvement in legal or other disputes; |

| ● | risks related to prepayments and                                  
 deposits to suppliers and account receivables from customers; and |

| ● | uncertainties with respect to the       
 accounting treatment of digital assets. |

Risks Related to Our Industry Risks and uncertainties relating to our industry include, but are not limited to, the following:

| ● | adverse changes in the regulatory                                                                 
 and policy environment of digital assets and relevant industry players in multiple jurisdictions; |

| ● | concerns about greenhouse gas emissions,    
 global climate change and other ESG issues; |

| ● | changes to the method of validating 
 blockchain transactions;            |

| ● | increase in mining difficulty and                            
 reduced economic returns of digital asset mining activities; |

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| ● | reduced demand for blockchain technology,   
 blockchain networks and digital assets; and |

| ● | fraud, hacking or other adverse events 
 to the digital asset networks.         |

Risks Related to the Regulatory Framework Risks and uncertainties relating to the regulatory framework include, but are not limited to, the following:

| ● | current and future legislation imposing     
 greater restrictions on the digital assets; |

| ● | determination of us as an investment                             
 company under the 1940 Act and relevant regulatory requirements; |

| ● | requirement to register as money                      
 services business or similar compliance requirements; |

| ● | a digital asset’s being determined                                                     
 as a “security” under relevant laws, and the related registration