SINGAPORE, Nov. 15, 2024 — BitFuFu Inc. (“BitFuFu” or the “Company”) (NASDAQ: FUFU), a rapidly growing digital asset mining service and leading cloud-mining service provider, today announced changes to its board of directors (the “Board”).

Mr. Cheng Yao has stepped down from the Board, effective from November 14, 2024. Mr. Yao’s departure was not due to any disagreement with the Company regarding its operations, policies or practices. Leo Lu, Chairman and Chief Executive Officer of BitFuFu, stated, “On behalf of the Board, I want to express our sincere gratitude to Mr. Yao for his valuable contributions to BitFuFu. We wish him continued success in his future endeavors.”

Following these changes, the Board now comprises five directors: Leo Lu, Celine Lu, Huaiyu Liu, Yeeli Hua Zheng and Joshua Kewei Cui.

About BitFuFu Inc.

BitFuFu is a quickly expanding digital asset mining service and a world leader in cloud-mining services. BitFuFu received early investment from Bitmain, a global leader in digital asset mining hardware, and remains Bitmain’s sole strategic partner in the cloud mining sector.

BitFuFu is dedicated to building a secure, compliant, and transparent blockchain infrastructure, offering a range of stable and intelligent digital asset mining solutions to a global customer base. Utilizing its growing global mining facility network and strategic partnership with Bitmain, BitFuFu enables institutional clients and digital asset enthusiasts to mine digital assets efficiently.

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Forward-Looking Statements

This press release includes “forward-looking statements” as defined by the “safe harbor” provisions of the United States Private Securities Litigation Reform Act of 1995. Forward-looking statements can be identified by the use of words such as “estimate,” “plan,” “project,” “forecast,” “intend,” “will,” “expect,” “anticipate,” “believe,” “seek,” “target” or other similar expressions that predict or indicate future events or trends. Statements that are not historical facts, including statements about the Company’s beliefs and expectations, are forward-looking statements. These statements are based on various assumptions, whether or not identified in this press release, and on the current expectations of BitFuFu’s management and are not predictions of actual performance. These statements involve risks, uncertainties and other factors that may cause BitFuFu’s actual results, levels of activity, performance, or achievements to be materially different from those expressed or implied by these forward-looking statements. Although the Company believes that it has a reasonable basis for each forward-looking statement contained in this press release, the Company cautions you that these statements are based on a combination of facts and factors currently known and projections of the future, which are inherently uncertain. All information provided in this press release is as of the date of this press release and the Company does not undertake any duty to update such information, except as required under applicable law.

For investor and media inquiries, please contact:

BitFuFu Investor Relations

Christensen Advisory