Company: FUFU
Filing Date: 2025-02-20
Form Type: 424B3
Source: 0001213900-25-015464
Chunk: 1

Company: Bitfufu Inc.
Filing Date: 2025-02-20
Form: 424B3
Chunk 1
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 requirements
of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto
duly authorized.

| Date: February 20, 2025 | BitFuFu Inc. 
 By:          | /s/ Leo Lu                         |
|:------------------------|:-------------|:-----------------------------------|
|                         | Name:        | Leo Lu                             |
|                         | Title:       | Chairman of Board of Directors and 
 Chief Executive Officer            |

<div align='center'>2</div>

Exhibit 99.1

<div align='center'>BitFuFu Acquires 51MW Operational Data Center in Oklahoma, Expanding U.S. Mining Footprint</div>

Majority stake acquisition strengthens BitFuFu’s operational scale and efficiency with low-cost power and enhanced hosting capacity

Net electricity cost at this facility is very competitive at about $0.03 per kWh

With the deployment of AntMiner S21 series miners, the average cash cost to mine one Bitcoin at this site is as low as $18,000, excluding depreciation

SINGAPORE, February 20, 2025 - BitFuFu Inc. (“BitFuFu” or the “Company”) (NASDAQ: FUFU), a global leader in Bitcoin mining and comprehensive mining services, today announced that it has signed a definitive agreement and acquired a majority ownership in a 51-megawatt (MW) operational Bitcoin mining data center in Oklahoma. The transaction is priced at $400,000 per MW and funded with cash from BitFuFu’s balance sheet and common stock.

Strategic Benefits of the Acquisition

Located in Oklahoma, the acquired data center has been operational since 2022, utilizing air-cooled container-based infrastructure. The facility boasts a track record of over 95% uptime and operates with a highly competitive net electricity cost of approximately $0.03/kWh. This will enable BitFuFu to mine one Bitcoin at a cash cost as low as $18,000 at this site, assuming the deployment of AntMiner S21 XP, excluding depreciation of miners and facilities.

In addition to its high-performance mining capabilities, the site includes a fully integrated operations center which lays a good foundation to build a state-of-the-art repair center to enhance mining business and operational efficiency.

The facility benefits from cost-effective energy delivery and operates within the Southwest Power Pool (SPP) – a highly stable and regulated energy market. Oklahoma’s crypto-friendly regulatory environment further