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Magma Power LLC Is Granted Its 17th U.S. Patent On Revolutionary Green Baseload Energy Source As Talks Advance To Build $20 Billion AI Data Center

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Magma Power is Inevitable. It’s not a question of if magma power will power the Earth – but when.

NEW YORK, Jan. 17, 2025 /PRNewswire/ — Magma Power LLC, a global developer and licensor of Magma Power™ technology, proudly announces that is has been granted its 17th U.S. Patent on its revolutionary magma power technology.

“Our discussions are continuing to advance to use Magma Power™ technology to build the world’s largest AI data center powered entirely by renewable energy,” says Richard McDonald, Chief Strategy Officer of Magma Power, LLC.

Magma Power, LLC says the AI data center, to be developed by Magma Power’s global consortium partners, would consume 10 gigawatts of power directly sourced from magma reservoirs. The total investment is expected to be over $20 billion.

“The power demand from AI is insatiable and Magma Power™ is the answer for renewable, baseload, and virtually unlimited power,” McDonald says. 

Goldman Sachs estimates that by 2030 data center power demand will be over 1,000 terra-watt hours (TWh). This equates to over 80 gigawatts of installed power. “Our magma-powered AI data center could meet over 10 percent of the global AI power demand by 2030,” McDonald says, “all without emitting a single molecule of carbon or burning a single ounce of fossil fuels.”

“Wind, solar, and nuclear all have significant drawbacks when it comes to providing the low-cost baseload renewable power that Magma Power™ provides,” says McDonald. “Wind and solar do not provide the baseload power that is required to run a data center. And Magma power has none of the long-term environmental impacts of nuclear power,” McDonald says.

Magma Power, LLC’s 17th U.S. patent covers a proprietary system designed to safely and efficiently extract geothermal energy from magma reservoirs. This cutting-edge technology represents a significant leap forward in sustainable energy solutions, enabling the formation and maintenance of underground magma chambers for scalable energy production.

The patented system incorporates advanced technologies, including boreholes that reach magma reservoirs, a specially designed underground chamber formed within the magma, and heat transfer fluids such as molten salts or brine. The energy extracted is ideal for electricity generation, industrial processes, agriculture, and more.

“This patent represents a historic step forward in our mission to harness the Earth’s untapped energy potential,” said Levi Conner, CEO of Magma Power. “It not only showcases the ingenuity of our team but also highlights Magma Power’s leadership in geothermal innovation. This technology will play a key role in transitioning the world to cleaner and more sustainable energy solutions.”

Patent Claims

The issued patent includes the following claims:

System Claims

A geothermal system, comprising:A borehole extending between a surface and an underground chamber;The underground chamber comprising a cavity formed in an underground reservoir of magma;A fluid pump configured to provide a flow of heat transfer fluid into the underground chamber;A fluid conduit extending from the surface toward the underground chamber, configured to allow the flow of heat transfer fluid between the underground chamber and the surface.The geothermal system wherein at least a portion of an internal surface of the underground chamber comprises hardened magma.The geothermal system wherein at least a portion of an internal surface of the underground chamber comprises magma.The geothermal system wherein the heat transfer fluid is a molten salt.The geothermal system wherein a pressure provided to the underground chamber maintains the cavity within the underground reservoir of magma.The geothermal system wherein the cavity is formed by supplying a pressurized fluid into the underground reservoir of magma.The geothermal system further comprising a casing disposed within the borehole and extending no farther than the ceiling of the underground reservoir of magma.The geothermal system wherein the heat transfer fluid comprises one or more of: water, a brine solution, one or more refrigerants, and one or more thermal oils.The geothermal system wherein the heat transfer fluid comprises one or more of a molten salt, an ionic liquid, and a nanofluid.The geothermal system wherein the fluid conduit is further coupled to a thermal process subsystem, including one or more of: turbines, reaction vessels, condensers, a water distillation system, a heat-driven chilling apparatus, a residential heating system, an agricultural system, and an aquaculture system.The geothermal system wherein at least a portion of the heat transfer fluid conveyed to the thermal process subsystem is returned to the underground chamber.The geothermal system wherein the fluid conduit comprises an insulation layer.The geothermal system wherein the fluid pump is configured to provide a flow of the heat transfer fluid at a pressure, flow rate, or both that maintains the cavity formed in the underground reservoir of magma.

Method Claims

     14. A method of operating a geothermal system, comprising:

Providing a heat transfer fluid down a wellbore extending from a surface and into an underground chamber comprising a cavity formed in an underground reservoir of magma;Receiving heated heat transfer fluid from the wellbore;Providing the heated heat transfer fluid to a thermal process.

     15. The method further comprising providing the heat transfer fluid to the wellbore at a pressure, flow rate, or both that maintains the cavity formed in the underground reservoir of magma.
     16. The method wherein:

The heat transfer fluid provided down the wellbore comprises liquid water, and the heated heat transfer fluid received comprises steam;Providing the heated heat transfer fluid to the thermal process comprises operating at least one turbine with the steam to generate electricity.

Additional System and Wellbore Preparation Claims

     17. A geothermal system comprising:

A fluid pump configured to provide a flow of heat transfer fluid through a wellbore from a surface and into an underground chamber comprising a cavity formed in an underground reservoir of magma;A fluid conduit configured to allow flow of heat transfer fluid heated in the underground chamber toward the surface.

     18. The geothermal system wherein the fluid pump is configured to provide the flow of the heat transfer fluid at a pressure, flow rate, or both that maintains the cavity formed in the underground reservoir of magma.
     19. The geothermal system wherein the fluid conduit comprises an insulation layer.
     20. The geothermal system wherein the heat transfer fluid comprises one or more of: water, brine, refrigerants, thermal oils, molten salt, ionic liquid, and nanofluid.
     21. A method of forming a geothermal wellbore, comprising:

Drilling a borehole from the surface to expose magma in an underground reservoir of magma;Providing a fluid conduit in the borehole;Injecting fluid to displace magma and form a chamber comprising a cavity within the reservoir.

     22. The method further comprising allowing a hardened magma surface to form around the cavity.
     23. The method further comprising separating a lower portion of the borehole from an upper portion for pressurization.

Leadership Quotes

Richard McDonald, Chief Strategy Officer, emphasized: “This patent demonstrates Magma Power’s commitment to innovation and leadership in renewable energy. It’s not just about technology—it’s about creating lasting solutions to global challenges.”

KC Conner, the inventor and founder of Magma Power, added: “This patent reflects years of dedication and vision. By using the Earth’s magma, we’re unlocking a sustainable, untapped resource with the potential to transform the energy landscape.”

Pioneering Global Energy Solutions

Magma Power LLC is now in advanced discussions with governments, land developers, power plant engineering firms, and a well-known and respected drilling company to implement its groundbreaking Magma Power™ technology in a $20 billion project to develop the world’s largest AI data center powered entirely by renewable energy.

“The level of interest and collaboration we’re seeing from these partners highlights the transformative potential of Magma Power™,” said McDonald. “This AI data center is designed to consume 10 gigawatts of baseload power sourced directly from magma reservoirs, addressing the insatiable demand for sustainable energy in the AI sector.”

McDonald further emphasized the comparative advantages of Magma Power™: “Wind and solar face significant limitations in delivering low-cost baseload power for critical infrastructure like data centers, and nuclear comes with long-term environmental challenges. Magma Power™ is the sustainable, scalable solution the world needs.”

This breakthrough comes on the heels of Magma Power’s newly issued patent, which ensures the scalability and reliability of such ambitious projects, providing a renewable energy source capable of meeting global demands.

About Magma Power LLC:

Magma Power LLC, (visit MagmaPower.com) with headquarters in Tampa, Florida, with additional offices in New York City and Houston, is a pioneering energy technology company dedicated to developing cutting-edge solutions for harnessing renewable energy. Magma Power, LLC has secured fourteen worldwide patents covering all aspects of the production of green energy, energy-intensive manufacturing, green fuels, and other products using Magma Power™. Magma Power LLC has also filed an additional forty-six global patents covering all aspects of magma power production, with over 1,000 patent claims pending related to this revolutionary new green energy source. Magma power is a virtually unlimited source of green, renewable, baseload energy that U.S. government researchers in the 1970s, including those at Sandia National Laboratories, concluded could meet the Earth’s energy needs for the next several thousand years. The work of Magma Power LLC has taken the initial insights from the Sandia Labs test and developed them into robust, patent-protected technology ready for commercial deployment. Given the inability of wind and solar to provide stable baseload renewable power, there is no long-term alternative to magma power for renewable energy. Magma Power is Inevitable. It’s not a question of if magma power will power the Earth – but when. Energy is civilization, and the next several thousand years of civilization will be driven by Magma Power™.

For media inquiries, please contact:

Richard McDonald

Chief Strategy Officer

rmcdonald@magmapower.com

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SOURCE Magma Power

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Mastech Digital to Announce Second Quarter 2026 Financial Results; Participate in Upcoming Investor Conference

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PITTSBURGH, July 24, 2026 /PRNewswire/ — Mastech Digital, Inc. (NYSE American: MHH) (“Mastech Digital”), a leading provider of Digital Transformation IT Services, today announced the date for the release of its financial results for the second quarter ended June 30, 2026, and its participation in an upcoming investor conference.

Second Quarter 2026 Earnings:

Mastech Digital will report its financial results for the second quarter 2026 before the market opens on Thursday, August 6, 2026. Management will host a live conference call and webcast at 9:00 a.m. Eastern Time on that day to discuss the Company’s financial performance and operating results.  The conference call will be hosted by Nirav Patel, President and CEO, and Kannan Sugantharaman, Chief Financial and Operations Officer.

Those wishing to participate via webcast should access the call through Mastech Digital’s Investor Relations website at https://investors.mastechdigital.com. Those wishing to participate via telephone may dial in at 1-800-715-9871 (USA) or 1-646-307-1963 (International) with the passcode 7506988. The replay will be available via webcast through Mastech Digital’s Investor Relations website.

Upcoming Investor Conference:

Mr. Sugantharaman will host a fireside chat at the Sidoti Micro-Cap Investor Conference on Wednesday, August 19, 2026, at 9:15 a.m. Eastern Time.

Mastech Digital management is scheduled to host virtual one-on-one and small group meetings with investors during the conference on August 19-20, 2026. Investors interested in arranging a meeting should contact their Sidoti representative or reach out to the Mastech Digital investor relations team at investors@mastechdigital.com.

About Mastech Digital, Inc.

Mastech Digital (NYSE American: MHH) is a leading provider of Digital Transformation IT Services. The Company offers Data Management, Analytics & AI Solutions, and IT Staffing Services with a digital-first approach. A minority-owned enterprise, Mastech Digital is headquartered in Pittsburgh, PA, with offices across the U.S., Canada, Europe, and India. Visit us at www.mastechdigital.com.

Investor Relations Contact:
investors@mastechdigital.com 

 

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SOURCE Mastech Digital, Inc.

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SOLAI Limited Announces Extraordinary General Meeting

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AKRON, Ohio, July 24, 2026 /PRNewswire/ — SOLAI Limited (NYSE: SLAI) (“SOLAI” or the “Company”) (previously known as “BIT Mining Limited”), a technology-driven personal AI and digital infrastructure provider, today announced that it will hold its extraordinary general meeting of shareholders at 428 South Seiberling Street, Akron, Ohio, US on August 14, 2026 at 10:00 a.m., New York time.

Holders of record of ordinary shares and preference shares of the Company at the close of business on July 20, 2026, New York time (the “Record Date”) are entitled to receive notice of, and to attend and vote at, the extraordinary general meeting or any adjournment thereof. Holders of the Company’s American Depositary Shares (“ADSs”) who wish to exercise their voting rights for the underlying ordinary shares must act through the depositary of the Company’s ADS program, Deutsche Bank Trust Company Americas.

The notice of the extraordinary general meeting, which sets forth the resolutions to be submitted to shareholder approval at the extraordinary general meeting is available on the Investor Relations section of the Company’s website at https://ir.solai.com

About SOLAI Limited

SOLAI Limited (previously known as “BIT Mining Limited”) (NYSE: SLAI) (previously traded under “BTCM”) is a technology-driven personal AI and digital infrastructure provider. Building upon its historical legacy in digital asset mining and blockchain network operations, the Company is leveraging extensive experience in large-scale hardware deployment, data center operations, and high-performance computing to build the foundational infrastructure for personal AI computing and digital asset ecosystems globally.

For more information:

SOLAI Limited
ir@solai.com
ir.solai.com
www.solai.com 

Christensen Advisory
Jason Ng
Tel: +852-2117-0861
Email: solai@christensencomms.com 

 

View original content:https://www.prnewswire.com/news-releases/solai-limited-announces-extraordinary-general-meeting-302834034.html

SOURCE SOLAI Limited

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/U P D A T E — TrendAI/

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This release has been updated to include new information provided by TrendAI. The complete, corrected release follows, with additional details at the end:

TrendAI™ Adopts Claude Opus 5 to Advance Vulnerability Prioritization and Virtual Patching

As a participant in Anthropic’s Cyber Verification Program, TrendAI applies frontier reasoning to convert vulnerability intelligence into faster protection across hybrid environments

DALLAS, July 24, 2026 /PRNewswire/ — TrendAI™, the enterprise AI security leader from Trend Micro Incorporated (TYO: 4704; TSE: 4704), today announced it is adopting Claude Opus 5, Anthropic’s latest and most capable Opus model, to help security teams convert vulnerability intelligence into immediate protection, from prioritization to virtual patching. The move builds on TrendAI’s collaboration with Anthropic on Claude Opus 4.8, extending the same defensive focus to a model that delivers step-change gains in advanced reasoning, agentic workflows, and long-horizon analysis. As AI makes finding vulnerabilities easier than ever, the harder problem becomes protecting organizations faster than software can be permanently patched, and that is where TrendAI is putting Opus 5 to work.

As a participant in Anthropic’s Cyber Verification Program, which credentials organizations for the defensive use of frontier AI models, TrendAI is positioned to apply Claude Opus 5 to defensive security as access becomes available. The model is Zero Data Retention compatible, supporting TrendAI’s governance and data-protection requirements as it scales AI across security operations.

The work extends to TrendAI Threat Research, where frontier AI models are combined with our proprietary frontier intelligence engine and human expertise to generate pre-disclosure intelligence. Those insights power TrendAI Vision One™, delivering stronger detection, deeper forensic insights, and proactive protection through virtual patching.

Rachel Jin, Chief Platform and Business Officer, Head of TrendAI™:
“With Claude Opus 5, TrendAI can move from vulnerability intelligence to action faster than ever, prioritizing what matters most by exploitability and business impact. Finding the vulnerability was always the hard part. Now the challenge is protecting organizations faster than software can be permanently patched, and frontier reasoning is what changes that equation, extending all the way to virtual patching that protects customers before a vendor fix ships. This is what it means to secure the AI age, fearlessly.”

These capabilities support TrendAI Vision One™ in helping security analysts, AppSec teams, and SOC teams prioritize exposure, map attack paths, and accelerate mitigation, including virtual patching, across hybrid environments, moving vulnerability management from a static scanning process into a faster, context-aware risk mitigation workflow.

About TrendAI™
TrendAI™, the global AI security leader and enterprise business unit of Trend Micro, empowers organizations with full AI visibility and consolidated security that inspires confidence, drives innovation, and eliminates risk. Trusted by the largest enterprises and governments across 185 countries, TrendAI™ secures the entire organization, from identities, to infrastructure, to data. Global Fortune 500 companies rely on TrendAI™ to cut risk and stop threats up to three months earlier, powered by world-leading threat and attack intelligence. Through deep ecosystem partnerships with market leaders like NVIDIA, Anthropic, AWS, Google, and Microsoft, TrendAI™ empowers your organization to securely drive forward at the speed of AI. AI Fearlessly. Learn more: trendaisecurity.com

About Anthropic
Anthropic is an AI safety and research company dedicated to building reliable, interpretable, and steerable AI systems. Its Claude family of models, including Claude Opus 5, enables advanced capabilities across a wide range of applications, including code understanding and security analysis.

Update: The latest version of this release includes additional statements from TrendAI related to the original announcement.

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SOURCE TrendAI

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