British Bitcoin miners consider buying landfill to recover 768 million dollars

James Howells is considering buying a public landfill where he believes a huge amount of Bitcoin assets could be buried, but the local government plans to close the landfill after a court session. Despite the court's rejection last month, Bitcoin miner ( BTC ) James Howells is still considering buying back the landfill where he believes his lost cryptocurrency, now valued at over £620 million (768 million US dollars), is buried. Residents of Newport, South Wales, have requested a court order to excavate this site or receive a compensation of $609 million from the Newport City Council. Howells' complaint revolves around the hard drive that his former partner is accused of throwing away in 2013 at a landfill. The device is believed to contain 7,500 BTC, which Howells mined in 2009 when Bitcoin was still in its infancy and traded for just a few cents. A computer engineer has repeatedly appealed or sued the Newport authorities to access the site, in return, he proposed that the council share a portion of the assets. The landfill contains more than 1.4 million tons of waste, but Howells claimed that his hard drive could be buried in an area with 100,000 tons, citing an investigation by a group he hired. You may also like: $750 million in the trash: Judge denies man's request to retrieve Bitcoin from landfill In response, the Newport City Council has requested the Supreme Court to dismiss Howells' complaint, arguing that local law grants the government authority over any property placed in the landfill. Judge Andrew John Keyser KC ruled against Howells, stating that his complaint was insufficient and too much time had passed. The government also plans to close this location in the 2025-2026 financial year and convert some parts of it into a solar energy farm. Howells expressed shock to the BBC upon hearing the news, "especially as the Supreme Court has declared that closing the landfill so I can search would have a very adverse effect on the people of Newport," he said. According to the report, Howells is considering taking the case to the Supreme Court and does not rule out the possibility of buying a landfill site entirely. He believes that the lost amount could reach a valuation of $1.2 billion by 2026 if Bitcoin continues its upward trend. DYOR! #Write2Earn #Write&Earn $BTC {spot}(BTCUSDT)