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If all goes to plan, the first borehole will be completed in 2027 and will mark the first time anyone has ever implanted sensors directly into a magma chamber... If the first drilling experiment succeeds, the team will move onto the second borehole, due to be completed in 2029 — and this could be the global gamechanger. It's here the team will attempt to harness the intense heat of magma to produce a new kind of extreme geothermal energy, many times more powerful than conventional...

>If all goes to plan, the first borehole will be completed in 2027 and will mark the first time anyone has ever implanted sensors directly into a magma chamber... If the first drilling experiment succeeds, the team will move onto the second borehole, due to be completed in 2029 — and this could be the global gamechanger. It's here the team will attempt to harness the intense heat of magma to produce a new kind of extreme geothermal energy, many times more powerful than conventional...
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[–] • 1 pt

...if it could be used to reduce pressure so that the volcano won't erupt.

Might work - for the volcano anyway. But that hole you dug is another outlet. Which creates the least backpressure and containment? That's where the magma, pyroclastic flows, etc will exit.