424B3 1 ea0209885-424b3_bitfufu.htm PROSPECTUS SUPPLEMENT

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 

 

2

 

 

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.

 

 

3