Arkansas Lawmakers Focus on Changing Crypto Mining Law in Fiscal Session

Arkansas lawmakers are making moves to potentially change the state’s crypto mining law in 2025, with a focus on addressing issues such as noise and foreign ownership of mining sites. The two resolutions, sponsored by Senators Joshua Bryant and Missy Irvin, have passed in committee and aim to give local governments more control over crypto mining operations.

Residents in areas where crypto mining sites are being set up, such as Dewitt, are voicing concerns over the noise and potential foreign ownership of these sites. Attorney General Tim Griffin is investigating to determine if any sites in Arkansas are owned by foreign adversary companies.

Both Bryant’s and Irvin’s bills would ensure that foreign adversaries have 0% ownership over sites in Arkansas, with Irvin’s bill adding more state regulation and requiring sites to obtain a permit through the state. The bills also give facilities a timeframe to comply with noise regulations and divest of any foreign ownership.

The Senate City County and Local Affairs Committee will hear more public comment before moving forward with the bills for votes, starting with the Senate. Residents and lawmakers alike are working to address the concerns surrounding crypto mining in Arkansas and ensure that regulations are in place to protect communities.