AR SB79

Amends Arkansas Data Centers Act to clarify intent to protect digital asset miners from discriminatory regulations and taxes

Prohibits prohibited foreign parties (including citizens of sanctioned countries, foreign governments, and certain foreign-controlled entities) from acquiring any ownership interest in digital asset mining businesses in Arkansas, with 365-day divestment requirement for existing operations

Creates new permit requirement under Oil and Gas Commission for digital asset mining businesses consuming more than 1 megawatt of electrical energy on average annual basis

Establishes enforcement authority for Oil and Gas Commission to investigate complaints, conduct inspections, and assess penalties up to $5,000 per day for violations; allows Attorney General to pursue civil penalties up to $1,000,000 or 25% of business fair market value, treble damages, and judicial foreclosure for non-compliance

Declares emergency clause effective immediately upon Governor approval to begin regulatory process protecting public peace, health, and safety from threats posed by digital asset mining operations