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VP, Technical Accounting

Bitfarms
locationNew York, NY, USA
PublishedPublished: 6/14/2022
Technology
Full Time

Job Description

Job Description

The Future Runs on Bitfarms

As demand for AI and high-performance computing (HPC) accelerates, Bitfarms is building the infrastructure to meet the moment. Our U.S. expansion and global operations are laying the foundation for scalable, energy-optimized compute designed to support next generation workloads and long-term growth.

Who We Are
Bitfarms (NASDAQ/TSX: BITF) is a global energy and compute infrastructure company that develops, owns, and operates high-performance data centers.

With data centers across North and South America, we manage every stage of development from securing energy, producing power, and designing facilities to running world-class operations. This vertically integrated approach allows us to innovate faster, operate more efficiently, and deliver infrastructure that can scale with the future of compute.

Why Join Us
At Bitfarms, voted a Great Place to Work, you will be part of a team shaping the next generation of digital infrastructure. We are at the intersection of energy and technology, two industries undergoing massive transformation. Here, your work will have real impact, powering advanced workloads that are driving AI, machine learning, and the digital economy forward.

We value people who are curious, collaborative, and committed to building solutions that last. With offices in New York City, Pittsburgh, Montreal, and Buenos Aires, and operations across the Americas, Bitfarms offers the chance to grow your career while helping power AI and shape the future of high-performance computing.

What You Can Expect at Bitfarms

  • A fast-moving environment where innovation and execution go hand in hand
  • Opportunities to work on cutting-edge projects in HPC, AI, and energy infrastructure
  • A collaborative, cross-border team that thrives on solving complex challenges
  • A commitment to efficiency, operational excellence, and long-term value creation

Bitfarms is more than a workplace. It is where people come together to power the future.

Interested? This is a great opportunity to work for a young and dynamic company!

We are currently looking for a VP, Technical Accounting to join our team

Compensation

Expected Salary (NYC): $250,000 - $325,000 USD

What you can expect in this role:

The Vice President, Technical Accounting serves as the Company's enterprise-wide authority on US GAAP, accounting standards, and accounting policy governance, with particular expertise in issues arising from HPC / AI-driven business models. Reporting to the EVP, Finance & Accounting, this role acts as the senior technical accounting advisor to Finance leadership and executive management.

The VP provides strategic oversight of the Company's technical accounting framework, ensuring complex, judgmental, and emerging accounting matters are proactively identified, rigorously analyzed, and aligned with the Company's financial strategy and risk management objectives. The role partners closely with the EVP, Finance & Accounting on significant accounting matters, policy decisions, and Audit Committee communications.

This role maintains a close and collaborative partnership with Financial Reporting, FP&A, Legal, Operations, executive leadership, and external auditors to ensure accounting conclusions are technically sound, consistently applied, well-documented, and appropriately disclosed.

This position remains intentionally non-operational with respect to routine close and reporting execution, while maintaining executive-level influence across the organization.

Key Responsibilities

Enterprise Technical Accounting Leadership (40%)

  • Serve as the Company's executive subject-matter expert on US GAAP and SEC accounting matters
  • Act as primary technical advisor to the EVP, Finance & Accounting on complex and high-impact accounting issues
  • Provide strategic interpretation and application of accounting guidance to non-routine transactions, particularly those related to HPC / AI-driven operations
  • Oversee preparation and review of comprehensive technical accounting memoranda documenting conclusions, key judgments, and alternatives considered
  • Advise the EVP, Finance & Accounting and executive leadership on accounting implications of major infrastructure investments, partnerships, capital allocation decisions, and evolving business models
  • Lead accounting analysis related to:
  • High-value compute and infrastructure arrangements
  • Capitalization vs. expense of development, deployment, and optimization costs
  • Revenue recognition for non-standard, usage-based, or hybrid commercial models
  • Impairment and recoverability assessments for capital-intensive, long-lived assets
  • Partner closely with Financial Reporting, FP&A, Legal, and Operations to evaluate accounting implications of strategic initiatives
  • Monitor FASB and SEC developments and advise the EVP, Finance & Accounting on enterprise-wide implications

Accounting Policy Development & Governance (25%)

  • Own the Company's US GAAP accounting policy framework under the direction of the EVP, Finance & Accounting
  • Develop and maintain a long-term accounting policy roadmap aligned with the Company's growth strategy
  • Establish governance processes for policy development, documentation, and updates
  • Lead development of position papers in areas requiring significant professional judgment due to evolving or limited authoritative guidance
  • Ensure consistent policy application across business units as operations scale
  • Advise the EVP, Finance & Accounting on accounting policy changes and related disclosure considerations
  • Collaborate with Financial Reporting to ensure policy implementation is operationally executable and consistently disclosed

Executive Advisory & Strategic Transactions (20%)

  • Provide executive-level accounting guidance on complex transactions and strategic initiatives common in HPC / AI environments, including:
  • Strategic partnerships and compute-sharing agreements
  • Long-term capacity commitments and embedded financing considerations
  • M&A transactions and business combinations
  • Equity-based compensation and incentive structures in technology organizations
  • Partner with Legal, FP&A, Corporate Development, and Operations to evaluate accounting impacts of new products, pricing models, customer contracts, infrastructure investments, and capital structure decisions
  • Provide proactive accounting input to support transaction structuring and risk mitigation
  • Escalate significant accounting matters to the EVP, Finance & Accounting with clear recommendations, alternatives, and risk assessments

Disclosure Oversight & Reporting Advisory (10%)

  • Provide executive technical oversight of financial statement footnotes and accounting policy disclosures prepared by the Financial Reporting team
  • Advise on critical accounting estimates, judgments, and risks associated with HPC / AI operations
  • Review draft disclosures for technical accuracy, internal consistency, and alignment with underlying accounting conclusions
  • Support the EVP, Finance & Accounting in preparation for Audit Committee discussions on complex accounting matters

Audit, Controls & Governance (5%)

  • Serve as the senior technical accounting contact for external auditors, in coordination with the EVP, Finance & Accounting
  • Support SOX compliance related to technical accounting areas, including documentation of significant judgments and estimates
  • Assist the EVP, Finance & Accounting in responding to regulatory inquiries or technical accounting consultations

Required Qualifications

  • CPA designation (required)
  • 15–20+ years of progressive experience in technical accounting, accounting policy, or professional practice
  • Big Four experience (required), with significant exposure to public company technical accounting matters
  • Expert-level knowledge of US GAAP (mandatory) and strong familiarity with SEC reporting considerations
  • Demonstrated leadership in drafting and reviewing high-quality technical accounting memoranda and policy documentation
  • Meaningful experience supporting technology-driven, capital-intensive, or AI / HPC-focused businesses
  • Experience operating in environments with evolving business models and limited prescriptive accounting guidance
  • Experience advising executive leadership and participating in senior-level discussions

Key Competencies

  • Enterprise-level technical accounting expertise and strong professional judgment
  • Strategic mindset with the ability to align accounting positions with business objectives
  • Ability to translate complex HPC / AI business models into defensible accounting positions
  • Exceptional executive communication and technical writing skills
  • Strong collaboration skills with Financial Reporting, Legal, FP&A, Operations, executive leadership, and external auditors without ownership overlap

Advanced proficiency in Microsoft Office (Excel, Word, PowerPoint)

A few more relevant details:

  • Work schedule: Monday-Friday in our New York City office. 4 days onsite, 1 WFH.
  • Job type: Full Time, Permanent

It's a very exciting time to consider joining our firm!

This job doesn't align to your experience? No problem, we're always looking for amazing talent, so please go to the connect button and apply for future openings. We'll be sure to send you an alert when the time comes.

NYC$250,000—$325,000 USD

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