SR17

This bill seeks to amend the Arkansas Data Centers Act of 2023 to establish a new regulatory framework for digital asset mining businesses and entities using blockchain networks. It authorizes the Department of Energy and Environment to implement a licensure and permitting system for these businesses, including application and renewal fees. The legislation imposes specific operational restrictions, such as limiting noise emissions to 60 decibels (or 40 decibels with soundproofing) and prohibiting the use of water for equipment cooling for new operations. Additionally, it prohibits foreign nationals, as defined by international traffic regulations, from owning or operating digital asset mining businesses within the state. The Attorney General is granted authority to investigate potential violations and seek divestiture or civil penalties. The bill also contains an emergency clause to allow for immediate implementation due to concerns regarding noise, power consumption, water usage, and cybersecurity.