AR SB78

Prohibits foreign parties from acquiring or holding any interest in digital asset mining businesses in Arkansas, with definitions covering foreign citizens, governments, and entities controlled by foreign interests, including those from countries subject to U.S. arms export restrictions.

Requires digital asset mining businesses to apply noise-reduction techniques including liquid cooling, fully enclosing equipment envelopes, or locating at least 2,000 feet from residential/commercial structures or in industrially zoned areas, with 90 days to comply for existing operations.

Allows property owners within 2,000 feet of a digital asset mining business to sue for enforcement of noise reduction requirements and recover reasonable attorney's fees if they prevail.

Prohibits local governments from banning home digital asset mining or requiring approval before individuals engage in home mining operations.

Establishes enforcement mechanisms including Attorney General investigations, 365-day divestment deadlines for prohibited foreign parties, civil penalties up to $1,000,000 or 25% of fair market value, and judicial foreclosure authority, with penalty revenues split 50/50 between the Oil and Gas Commission Fund and the Attorney General.