Bankruptcy & Restructuring News Headlines for Wednesday Mar 16, 2022

Here's what we are reading this morning:

AMC buys stake in Nevada gold miner Hycroft Mining: Movie theater chain AMC Entertainment has agreed to purchase a major stake in a tiny gold and silver miner that has been on shaky financial ground, the companies announced Tuesday

Coal to crypto: The gold rush bringing bitcoin miners to Kentucky | Thomson Reuters Foundation Long Reads: As U.S. coal country transitions away from fossil fuels, Bitcoin miners are descending on the U.S. Appalachian mountains. But what is the economic and environmental impact of crypto moving in?

As Fed Prepares to Raise Rates, Global Economy Sinks Deeper Into Turmoil  - The New York Times: Federal Reserve officials are set to raise interest rates to control inflation, but the return to normal they had hoped to see remains painfully elusive.

Hycroft (HYMC) Options, Stock Trading Volume Went Crazy Before AMC Deal - Bloomberg: Hycroft’s stock is up 413% in a little more than a week, from 33 cents on March 7 to over $1.70 on Tuesday. An average of 190 million Hycroft shares have traded each day over the past week, more than 800 times the average volume since the miner’s deal to go public through a blank-check merger in June 2020.

Puerto Rico Is Out of Bankruptcy With $22 Billion Debt Exchange: Puerto Rico’s ended its nearly five-year bankruptcy as the commonwealth restructured $22 billion of debt, a crucial step that aims to help the island’s economy and repair its finances.

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