Company: FUFU
Filing Date: 2025-04-21
Form Type: 20-F
Source: 0001213900-25-033733
Chunk: 63

Company: Bitfufu Inc.
Filing Date: 2025-04-21
Form: 20-F
Item: Item 3
Chunk 63
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 As a result, we may be required
to file certain information reports that contain certain information, including customers’ names and addresses, gross proceeds from
sales, and any capital gains or losses, with the IRS. Additionally, in July 2024, the U. S. Department of the Treasury and the IRS
issued final regulations on reporting by brokers on dispositions of digital assets for customers in certain sale or exchange transactions.
The final regulations apply to brokers that take possession of the digital assets being sold by their customers, including operators of
custodial digital asset trading platforms, certain digital asset hosted wallet providers, digital asset kiosks and certain processors
of digital asset payments. Moreover, it is possible that new rules for reporting digital assets under the “ Crypto-Asset Reporting
Framework” proposed by the Organization for Economic Co-operation and Development (the “ OECD”) may be implemented
on our international operations, creating new obligations and a need to invest in new onboarding and reporting infrastructure. If any
of such obligations or requirements apply to us, and we do not comply with such obligations or requirements, or if additional withholding
obligations are imposed on us, we and our customers may be harmed.

The digital assets held by us are not subject
to FDIC or SIPC protections.

We do not hold our digital
assets with a banking institution or a member of the Federal Deposit Insurance Corporation (“ FDIC”) or the Securities Investor
Protection Corporation (“ SIPC”), and to date, neither the FDIC nor the SIPC has extended any such protections to depositors
of digital assets. Accordingly, our digital assets are not subject to the protections by FDIC or SIPC member institutions and any loss
of our digital assets could have a material adverse effect on our business, financial condition and results of operations.

Risks Related to Our Securities

Our share price 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;  
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  changes in the market valuations of other companies in the digital asset