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A man’s bid to sue a council over his attempts to excavate a rubbish tip to find a Bitcoin hard drive worth nearly ￡600m has had his case thrown out of court by a judge.
James Howells says his former partner had mistakenly dumped the hard drive in 2013, only for it to increase in value over the last year to be now worth an estimated ￡598m.
While the landfill in Newport in Wales holds more than 1.4 million tonnes of waste, Mr Howells said he had narrowed the Bitcoin wallet’s location to an area of 100,000 tonnes.
Despite this, the local council asked a High Court judge to strike out his legal action to access the site or receive ￡495m in compensation, arguing that it had now become its property when it entered the rubbish tip.
Judge Keyser KC said that there was “no realistic prospect” of the case succeeding at trial, and ruled that there were “no reasonable grounds” for bringing the claim.
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His former partner accidentally took the hard drive to the rubbish tip ( James Howells )
Bitcoin is known as a form of cryptocurrency, meaning it is completely virtual with no physical notes or coins. It can be used online to buy products and is kept in a digital wallet, with a number of shops and countries banning its use.
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Mr Howells first began using Bitcoin during the late noughties shortly after its insitgation and forgot about it when it was thrown out to the landfill.
However, in 2024 the value of the cryptocurrency rose by more than 80 per cent in 2024 and Mr Howells assembled a team of experts to attempt to locate the missing file.
He took legal action against Newport City Council with the backing of an American hedge fund, after repeatedly being refused access to excavate the area.
Speaking to The Independent in 2023, he said: “Over the last 10 years I’ve always tried to engage with Newport City Council in a businesslike manner, they are the site owner, they are the operator, they own the permit for the landfill, so I’ve always wanted to be friends with them and work with them,” he said.
“And to do that I’ve always tried to build a bigger, better team to try and impress them and finally engage with me.”
James Goudie KC, for the council, had argued that environmental permits forbid such searches, and the offer to donate 10 per cent of the money to the local community was encouraging the council to “play fast and loose”.
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Judge Keyser ruled: “I consider that the particulars of claim do not show any reasonable grounds for bringing this case.
“I also consider that the claim would have no realistic prospect of succeeding if it went to trial and that there is no other compelling reason why it should be disposed of at trial.”