Arkansas Senate rejects bill to ban crypto mining near military facilities: report

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4 hours ago

The Arkansas Senate’s City, County and Local Affairs Committee voted against a bill that set out to prohibit crypto mining businesses from being established within 30 miles of military facilities, according to a report by The Arkansas Democrat-Gazette.

The bill, which was rejected Thursday by six votes against one, would have also allowed the state to revoke business permits already given out to a crypto mining facility if it is situated near a military establishment.

The proposed legislation included an emergency clause for immediate implementation, citing potential national security and state security risks from crypto mining operations near various military facilities, including military hospitals or clinics.

“This act is immediately necessary in order to ensure the health and safety of the State of Arkansas and its citizens,” the original bill wrote.

Last May, former U.S. President Joe Biden issued an order to block Mine One Partners Limited, a crypto mining company with majority Chinese ownership, from having property near an Air Force base in Wyoming, citing national security risks concerns.

Meanwhile, U.S. President Donald Trump has vowed to support the domestic bitcoin mining industry, saying that all of future bitcoin should be mined in the country. The U.S. accounts for over 40% of global crypto mining, TheMinerMag reported earlier this month.

Outside of national security concerns, crypto mining has also been subject to criticism from environmentalists for its high level of demand for electricity and production of environmental waste. 

Mining companies have been putting effort to develop more sustainable mining equipment to address the criticism. At CES 2025, mining hardware maker Canaan unveiled a new bitcoin miner that also works as a home heater. 

Disclaimer: The Block is an independent media outlet that delivers news, research, and data. As of November 2023, Foresight Ventures is a majority investor of The Block. Foresight Ventures invests in other companies in the crypto space. Crypto exchange Bitget is an anchor LP for Foresight Ventures. The Block continues to operate independently to deliver objective, impactful, and timely information about the crypto industry. Here are our current financial disclosures.

© 2024 The Block. All Rights Reserved. This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.

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