Form 424B3 Bitfufu Inc.

Filed pursuant to Rule 424(b)(3)

Registration Statement No. 333-278207

 

Prospectus Supplement No. 2

(to Prospectus dated May 15, 2024)

 

SUPPLEMENT NO. 2 TO

 

PROSPECTUS FOR

 

UP TO 30,183,800 CLASS A ORDINARY SHARES

 

 

BITFUFU INC.

 

This Prospectus Supplement No. 2 is being filed to update and supplement the information contained in the prospectus dated May 15, 2024 (as supplemented from time to time, the “Prospectus”), relate to, among other things, the issuance from time to time of up to 5,589,292 Class A Ordinary Shares and the resale from time to time by the selling shareholders named in this prospectus or their permitted transferees of (a) up to 24,594,508 Class A Ordinary Shares; (b) up to 155,541 Class A Ordinary Shares issuable upon the exercise of 207,389 Warrants; and (c) up to 207,000 Class A Ordinary Shares issuable upon the exercise of the Unit Purchase Option.

 

July 24, 2024

 

 

Historical Hosting Capacity

 

The table below sets forth our historical hosting capacity for each fiscal quarter between the first quarter of 2022 and the first quarter of 2024 (both inclusive).

 

For the fiscal quarter ended		Hosting Capacity (in MW)
March 31, 2022			100
June 30, 2022			188
September 30, 2022			214
December 31, 2022			336
March 31, 2023			513
June 30, 2023			374
September 30, 2023			339
December 31, 2023			515
March 31, 2024			644

 

Historical Mining Capacity under Management

 

The table below sets forth our historical mining capacity under management as of each respective date.

 

As of		Mining Capacity under Management (in EH/S)
March 31, 2022			3.0
June 30, 2022			5.4
September 30, 2022			6.5
December 31, 2022			11.1
March 31, 2023			18.8
June 30, 2023			15.2
September 30, 2023			13.9
December 31, 2023			22.9
March 31, 2024			28.6

 

 

Historical Average Fleet Efficiency

 

The table below sets forth our historical average fleet efficiency for each fiscal quarter between the first quarter of 2022 and the first quarter of 2024 (both inclusive).

 

For the fiscal quarter ended		Average Fleet Efficiency (in J/T)
March 31, 2022			33.3
June 30, 2022			34.9
September 30, 2022			33.0
December 31, 2022			30.3
March 31, 2023			27.3
June 30, 2023			24.6
September 30, 2023			24.4
December 31, 2023			22.5
March 31, 2024			22.3

 

Capabilities of Our Proprietary Aladdin System

 

As of the date hereof, our proprietary ultra-large scale hashrate management and dispatching system, the Aladdin system, is capable of (i) managing more than one million mining machines simultaneously, and (ii) achieving more than 95% uptime (which excludes the impact of any force majeure events), which ensures stable computing power service to our customers.

 

 

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