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Grabens, or valleys formed during extensional tectonic events, are common but rarely observed during formation. In November 2023, inelastic surface deformation formed abruptly along Iceland's plate boundary in Grindavík. We documented graben formation in real‐time through satellite mapping (InSAR), seismicity, GNSS data, repeated lidar surveys, and field mapping. Five normal faults and ∼12 fissures ruptured the surface delineating two grabens separated by a horst, a context not present in other contemporary case studies. The graben normal faults slipped rapidly (over hours) and maximum surface motions coincided with the occurrence of turbulent seismic swarms in both space and time. Although 3 eruptions took place ∼15 km northeast of Grindavík from 2021 to 2023, attributed to magma intrusions (i.e., dikes), none of these also formed grabens. Thus, the Grindavík grabens shows evidence for tectonic origins. Real‐time monitoring of these phenomena provide insight into graben formation on Earth and potentially on other planets. Plain Language Summary: Valleys known as grabens, typically caused by extensional tectonic events, are a common geological feature, yet their formation is rarely observed. In November 2023, such two grabens suddenly emerged along the boundary between tectonic plates in the town of Grindavík, Iceland. The grabens were shaped by tectonic activity expressed by a swarm of earthquakes and associated ground deformation and resulted in normal faults rupturing the surface and cutting through houses, linear infrastructure including water pipelines and roads within Grindavík. We document the grabens and horst in real time using satellite mapping (InSAR), geodetic GPS data, repeated drone surveys, field mapping, and seismic recordings from a local seismic network. The combination of these data provide unprecedented level of precision in characterizing surface and sub‐surface deformations, especially when maximum surface motions correlate with a turbulent seismic activity in both space and time. Critically, following the formation of the grabens, a series of intensive through short‐lived eruptions happened in December 2023, January 2024, February 2024, March, and May 2024 within the northernmost portion of the grabens. Our observations provide valuable insights into the natural laboratory of Iceland and contribute to the understanding of plate tectonics both on Earth and other planets. Key Points: The 2023 seismic swarm and extension lead to a graben forming that coincides in time and space along Iceland's plate boundaryDuring 2021 to December 2023 only one tectonic graben formed, although 4 eruptions have taken placeThe graben in Grindavík, Iceland is wider at the surface than most recently documented grabens (∼4,500 m vs. <1,000 m) [ABSTRACT FROM AUTHOR]

The hypocentres of natural earthquake swarms and injection-induced seismicity usually show systematic migration, which is considered to be a manifestation of their triggering mechanism. In many of these cases, the overall growth of the earthquake distribution is accompanied by short episodes of rapid migration, the origin of which is still not sufficiently clarified. We review the possible triggering mechanisms of these migrating episodes and propose a graphical method for distinguishing internal and external triggering forces. We also analyse the theoretical relationship between the evolution of the cumulative seismic moment and the rupture area and propose two models, the crack model and the rupture front model, which can explain the spreading of hypocentres. We developed an automatic algorithm for detecting fast migration episodes in seismicity data and applied it to relocated catalogues of natural earthquake swarms in California, West Bohemia, and Iceland, and to injection-induced seismicity. Fast migration episodes is shown to be relatively frequent during earthquake swarms (8–20 per cent of all events) compared to fluid-induced seismicity (less than 5 per cent of the events). Although the migration episodes were detected independently of time, they grew monotonically with time and square-root dependence of radius on time was found suitable for majority of sequences. The migration velocity of the episodes of the order of 1 m s−1 was found and it anticorrelated with their duration, which results in a similar final size of the clusters scattering around 1–2 km. Comparison of seismic moment growth and activated fault area with the predictions of the proposed models shows that both the rupture front model and the crack model are able to explain the observed migration and that the front model is more consistent with the data. Relatively low estimated stress drops in the range of 100 Pa to 1 MPa suggest that aseismic processes are also responsible for cluster growth. Our results show that the fast migrating episodes can be driven by stress transfer between adjacent events with the support of aseismic slip or fluid flow due to dynamic pore creation. [ABSTRACT FROM AUTHOR]