Geothermal energy technology provider, Magma Power, has announced that its patented magma-based geothermal energy solutions can now be leveraged for bitcoin mining, promoting environmental sustainability.
"At Magma Power, we are committed to solving the energy challenges of the future," said Levi Conner, CEO of Magma Power. Its proprietary geothermal technology taps directly into underground magma reservoirs, and is capable of generating up to 50MW of baseload power per well.
"Bitcoin mining has faced criticism for its environmental impact, but with our clean energy technology, we're proving it doesn't have to be this way. Our geothermal technology provides renewable, cost-efficient power that's perfectly suited to the high demands of blockchain mining," said Conner.
Sustainability besides, Magma's highly competitive rates also enhance the profitability of Bitcoin mining.
"By combining geothermal energy with blockchain mining, we're addressing two major issues at once: the environmental concerns surrounding cryptocurrency mining and the need for a sustainable, affordable energy source," said Richard McDonald, Chief Strategy Officer of Magma Power. "This is the kind of innovation that can redefine industries."
Magma Power's geothermal energy provides round-the-clock baseload power, ensuring smooth operations in energy-intensive applications such as Bitcoin mining.
"Our ability to harness the Earth's magma reservoirs allows us to generate renewable power with a minimal environmental footprint," said KC Conner, founder of Magma Power. "This is not just a technological breakthrough—it's a shift toward a cleaner, more sustainable future for industries that require substantial energy."
Magma Power's geothermal energy technology can be applied beyond Bitcoin mining as well, powering AI data centres and other digital technologies to producing green hydrogen, green ammonia, and renewable fuels.
"This technology is about more than cryptocurrency—it's about creating a global energy solution that supports innovation while respecting the planet," said McDonald.