Man Who Lost $775M in Bitcoin Plans to Buy a Landfill to Recover It

James Howells, a computer engineer from Newport, U.K., is on a 12-year quest to recover a lost hard drive containing 8,000 Bitcoins, currently worth approximately $775 million, according to a report by ChainDesk. Howells accidentally discarded the hardware wallet in 2013, a time when Bitcoin traded at a mere $100 per coin. Now, as Bitcoin’s value has skyrocketed, Howells is pursuing a radical new strategy to retrieve his lost fortune.

The saga began when Howells’ then-girlfriend mistakenly threw away the hard drive while cleaning out old computer parts. Realizing his devastating loss, Howells rushed to the sprawling landfill, roughly the size of a football field. The sheer scale of the task made recovery seem nearly impossible.

He proposed a deal to the Newport City Council, offering 10% of the recovered Bitcoin’s value in exchange for permission to excavate the landfill. However, the council repeatedly rejected his requests, citing environmental and logistical concerns. Even legal action proved unsuccessful.

Howells is pursuing a bold new plan: purchasing the entire Newport landfill before its expected closure later this year. This represents a last-ditch effort to locate the hard drive, though the chances of it still being functional after years buried underground remain slim. The degradation of electronic components over time could render the Bitcoin inaccessible, even if the hard drive is found.

The story of Howells’ lost Bitcoin serves as a stark reminder of the critical importance of secure digital asset storage. For those facing similar situations, recommended steps include contacting wallet providers, attempting backup recovery if possible, and exploring professional data recovery services.

ChainDesk also cited the 2024 success story of an anonymous individual known as “Michael,” who recovered nearly $3 million in Bitcoin after believing his password was lost forever. After a decade, he hired security researchers who successfully unlocked his wallet and retrieved 43.6 Bitcoins, offering a glimmer of hope for those who have lost access to their digital assets. However, Howells’ case underscores the significant challenges and uncertainties involved in recovering lost cryptocurrency.

This article was originally published by Jon Stojan on HackerNoon.