The Arkansas Data Centers Act of 2023 aims to regulate the digital asset mining industry within the state. The Act introduces a new subchapter to the Arkansas Code, which includes definitions related to digital assets, digital asset mining, and the roles of local governments in regulating these businesses. It recognizes the economic value of data centers and digital asset mining, emphasizing the need for clear guidelines to protect miners from discriminatory regulations and taxes. The Act also outlines the requirements for operating a digital asset mining business, including compliance with state laws, local ordinances, and utility service rules.

Additionally, the Act prohibits local governments from enacting ordinances that unfairly discriminate against digital asset mining businesses, such as imposing stricter sound regulations than those applied to data centers or rezoning areas to disadvantage these businesses. It allows for appeals against zoning changes and ensures that the Arkansas Public Service Commission does not establish unreasonably discriminatory rates for digital asset mining customers. Overall, the legislation seeks to foster a supportive environment for the growth of the digital asset mining industry in Arkansas while protecting the interests of local communities and businesses.