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By Logan Brooks

Man Offers $3M to Buy Newport Junkyard and Recover $923M Bitcoin his Girlfriend Trashed 12 Years Ago

August 7, 2025

05:23

TL;DR

James Howells lost access to 8,000 bitcoins in 2013 after his girlfriend accidentally threw away a hard drive containing the keys. Despite repeated appeals, legal battles, and even a $3 million purchase offer for the landfill in Newport, Wales, his efforts to recover the fortune, now worth $923 million, have failed. Unwavering, Howells is launching a new crypto project “backed” by the lost Bitcoin, raising fresh questions about value, ownership, and the lengths people will go for digital gold.

Who Is James Howells, and What Happened to His Bitcoin?

James Howells, an IT professional from Wales, became internationally known after losing the password-protected hard drive holding the cryptographic keys to his stash of over 8,000 bitcoins. In 2013, an office cleanup led his then-girlfriend to mistakenly discard the drive. By his calculations, it ended up in the Newport landfill.

He soon realized the error and traced the possible resting place of the hard drive. Over the ensuing years, as Bitcoin’s value soared, Howells’ lost fortune became legendary in crypto circles.

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How Has Howells Tried to Recover His Bitcoin?

Multiple Approaches, Same Locked Doors

Howells’ 12-year quest has included:

  • Filing public proposals for a sanctioned search.
  • Legal action in local courts (ultimately dismissed over legal and environmental concerns).
  • Direct appeals to local government for excavation permits.
  • A $3 million offer to outrightly purchase the landfill—rejected by the authorities.
  • Advocacy in the media to drum up support and public sympathy.

Despite these, Newport City Council consistently denied permission, citing safety, environmental risks, and local policy. “It seems that, anyway I try, the establishment in this country is never going to allow this to happen,” Howells told Decrypt.

Newport City Council’s stance is shaped by:

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  • Strict environmental regulations around landfill disturbance.
  • The sheer size and hazardous nature of the site.
  • Concerns over setting a precedent for future excavations.
  • Legal liability if things go wrong.

Attempting to find a single hard disk in a mountain of waste is not only logistically daunting but also potentially dangerous to workers and the environment.

How Much Is the Lost Bitcoin Worth—and What’s New in Howells’ Strategy?

By the Numbers

  • Lost Amount: 8,000 BTC
  • 2025 Value: Roughly $923 million
  • Difference from Billionaire Status: Just $77 million

The Ceiniog Launch

Unable to physically retrieve his Bitcoin, Howells is developing “Ceiniog”—a Bitcoin Layer 2 network he claims will be “backed” by the theoretical value of the landfill’s Bitcoin. He argues that a court has recognized him as the legal owner, giving him license to leverage the lost stash as a financial foundation for his new cryptocurrency.

Why Does This Story Matter to Crypto, Law, and Ownership?

Lessons for the Crypto Era

  • Cryptocurrency is high risk: Lose your keys, lose your coins—blockchain is unforgiving.
  • The role of physical custody: Digital assets still hinge on real-world devices and infrastructure.
  • Law vs. Innovation: Legal systems struggle to adapt to intangible wealth held in physical objects.

Unanswered Big Questions

  • Can theoretical digital wealth be used to back real projects?
  • Should local governments make exceptions for high-value “tech treasure hunts”?
  • How far should ownership rights extend when environmental or community interests are in play?

What Are the Odds of Recovery?

Most data scientists and landfill experts estimate the chances of finding a functional hard disk after 12 years in hazardous waste are remote, even with sophisticated tools. Damage from water, pressure, and a decade of chemical processes likely rendered the drive unreadable. But as long as the Bitcoin keys theoretically exist, hope (and new business models) springs eternal.

What Can We Learn from James Howells’ Relentless Effort?

  • Persistence and ingenuity: Despite near-impossible odds, Howells has continually adapted and pushed back.
  • Public fascination: The “lost Bitcoin in the landfill” story highlights both the promise and perils of digital currency.
  • Policy lag: Governments and public agencies often lag behind when dealing with digital-only assets.

This article Man Offers $3M to Buy Newport Junkyard and Recover $923M Bitcoin his Girlfriend Trashed 12 Years Ago appeared first on BreezyScroll.

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