Company: FUFU
Filing Date: 2025-07-08
Form Type: F-3
Source: 0001213900-25-061902
Chunk: 10

Company: Bitfufu Inc.
Filing Date: 2025-07-08
Form: F-3
Chunk 10
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 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; |

| ● | 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; |

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| ● | 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 and other compliance requirements; and |

| ● | difficulties in securing relationship with financial institutions due to our operations in the digital asset industry. |

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

| ● | uncertainty in the development of an active trading market for our shares; |

| ● | price volatility of our shares; |

| ● | sale or availability for sale of substantial amounts of our shares by our selling shareholders that could cause the price of our shares to fall, and certain selling shareholders can earn a positive rate of return on their investment, even if other shareholders experience a negative return; |

| ● | potential additional dilution resulted from the exercise of warrants; |

| ● | warrant may expire worthless, as they may never be in the money; |

| ● | potential dilution for existing shareholders upon our issuance of additional shares; |

| ● | potential treatment of our company as a passive foreign investment company; |

| ● | our dual-class structure and impact on relevant shareholders’ ability to influence corporate matters; |

| ● | our Amended and Restated Memorandum and Articles of Association and Cayman Islands law may have the effect of discouraging lawsuits against our directors and officers; |

| ● | anti-takeover provisions contained in our Amended and Rest