Yep, I'd like to think this was a bill to protect my right to run any software I want to on hardware that I own, but it's actually a bill to keep Montana localities (cities, counties) from regulating or restricting data centers (noise, power, etc) in the interests of their residents. It's a state preemption bill restricting local democracy for the benefit of big business and polluters.
"Government actions that restrict the ability to privately own or make use of computational resources for lawful purposes, which infringes on citizens' fundamental rights to property and free expression, must be limited to those demonstrably necessary and narrowly tailored to fulfill a compelling government interest in public health or safety."
They can absolutely be regulated, but you must prove actual harm instead of "I don't want any data centers near me because of (conspiracy theory I read on Facebook)."