Company: FUFU
Filing Date: 2025-04-21
Form Type: 20-F
Source: 0001213900-25-033733
Chunk: 166

Company: Bitfufu Inc.
Filing Date: 2025-04-21
Form: 20-F
Item: Item 10
Chunk 166
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 or after execution brought within the
jurisdiction of, the Cayman Islands. The Cayman Islands is not party to any double tax treaties which are applicable to any payments made
by or to our company. There are no exchange control regulations or currency restrictions in the Cayman Islands.

Payments of dividends and capital in respect of
our ordinary shares will not be subject to taxation in the Cayman Islands and no withholding will be required on the payment of a dividend
or capital to any holder of our ordinary shares, nor will gains derived from the disposal of our ordinary shares be subject to Cayman
Islands income or corporation tax.

United States Federal Income Tax Considerations

The following is a general
discussion of certain material U. S. federal income tax consequences of the ownership and disposition of Class A ordinary shares for
a U. S. holder (as defined below). This discussion address only U. S. holders (as defined below) that acquire and hold our Class A ordinary
shares. This discussion is for general information purposes only and does not purport to be a complete analysis or listing of all potential
U. S. federal income tax consequences that may apply to a U. S. holder as a result of the ownership and disposition of Class A ordinary
shares. In addition, this discussion does not address all aspects of U. S. federal income taxation that may be relevant to particular holders
nor does it take into account the individual facts and circumstances of any particular holder that may affect the U. S. federal income
tax consequences to such holder, and accordingly, is not intended to be, and should not be construed as, tax advice.

This discussion is based on
provisions of the U. S. Internal Revenue Code of 1986, as amended (the “ Code”), the Treasury Regulations promulgated thereunder
(whether final, temporary, or proposed) (“ Treasury Regulation”), published administrative rulings of the IRS, and judicial
decisions, all as in effect on the date hereof. Any of the authorities on which this summary is based could be changed in a material and
adverse manner at any time, and any such change could be applied on a retroactive or prospective basis which could affect the U. S. federal
income tax considerations described in this summary. This discussion does not address the U. S. federal 3.8% Medicare tax imposed
on certain net investment income or any aspects of U. S. federal taxation other than those pertaining to the income tax, nor does