In the quiet depths of Newport, Wales, a landfill is home to more than mere trash—it conceals treasure. The site, which once unknowingly swallowed $777 million worth of Bitcoin (BTC), is set to close by the 2025-26 financial year, as per a recent BBC report.
The landfill’s tale began in 2013 when Welsh IT worker James Howells inadvertently tossed a hard drive containing 8,000 BTC, a digital goldmine he mined during the early days of cryptocurrency in 2009. As Bitcoin’s value skyrocketed, tales of lost fortunes, akin to Howells’s plight, have echoed throughout the crypto world, embodying both the transformative and tragic potentials of digital currency.
Newport City Council, custodians of the site since the early 2000s, have rebuffed Howells’s persistent pleas to dig up the drive. The Council cited significant risks tied to potential environmental damage from such an excavation. Further complicating matters, a judicial ruling last month quashed Howells’s legal attempt to overturn the decision, declaring no reasonable grounds for success.
As the closure looms, questions about the future of Bitcoin multiply: Will salvagers uncover the digital bounty before time runs out, or will these millions remain a modern legend buried under layers of waste?
For those keeping a close watch on this real-life crypto treasure hunt, subscribe to our newsletter for insights and follow us on our social platforms for real-time updates. Navigate this evolving cryptocurrency saga with us, where fate collides with fortunes buried deep in the earth.
