Company: FUFU
Filing Date: 2025-03-05
Form Type: POS AM
Source: 0001213900-25-020703
Chunk: 67

Company: Bitfufu Inc.
Filing Date: 2025-03-05
Form: POS AM
Chunk 67
---
 with respect to the Class A
Ordinary Shares. U.S. Holders should consult their own tax advisors regarding the availability and tax consequences of a mark-to-market election
in respect of Class A Ordinary Shares under their particular circumstances.

If we are a PFIC and, at
any time, has a foreign subsidiary that is classified as a PFIC, U.S. Holders generally would be deemed to own a portion of the
shares of such lower-tier PFIC, and generally could incur liability for the deferred tax and interest charge described above if
we were to receive a distribution from, or dispose of all or part of our interest in, the lower-tier PFIC (even though such U.S. Holder
would not receive the proceeds of those distributions or dispositions) or the U.S. Holders otherwise were deemed to have disposed
of an interest in the lower-tier PFIC. A mark-to-market election generally would not be available with respect to such
lower-tier PFIC. U.S. Holders are urged to consult their own tax advisors regarding the tax issues raised by lower-tier PFICs.

A U.S. Holder that owns
(or is deemed to own) shares in a PFIC during any taxable year of the U.S. Holder may have to file an IRS Form 8621 (whether
or not a mark-to-market election is or has been made) with such U.S. Holder’s U.S. federal income tax return and
provide any such other information as may be required by the Treasury. Failure to do so, if required, will extend the statute of limitations
until such required information is furnished to the IRS.

The rules dealing with
PFICs and mark-to-market elections are very complex and are affected by various factors in addition to those described above. Accordingly,
U.S. Holders of Class A Ordinary Shares should consult their own tax advisors concerning the application of the PFIC rules to
Class A Ordinary Shares under their particular circumstances.

Information Reporting and Backup Withholding

In general, information reporting
requirements will apply to dividends (including constructive dividends) received by U.S. Holders of Class A Ordinary Shares,
and the proceeds received on the disposition of Class A Ordinary Shares effected within the United States (and, in certain
cases, outside the United States), in each case, other than U.S. Holders that are exempt recipients (such as corporations).
Backup withholding (currently at a rate of 24%) may apply to such amounts if the U.S. Holder fails to provide