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2025-01-24
50 EH/s expansion accelerated to H1 2025 Focused on alternative funding instruments Potential for investor distributions in 2025 Transition to U.S. domestic issuer SYDNEY, Nov. 26, 2024 (GLOBE NEWSWIRE) -- IREN (NASDAQ: IREN ) (together with its subsidiaries, "IREN” or "the Company”), today reported its financial results for the first quarter ended September 30, 2024. All $ amounts are in United States Dollars ("USD”) unless otherwise stated. "We are pleased to report our Q1 FY25 results and reiterate our focus on low-cost Bitcoin mining, operating cashflows and shareholder returns,” said Daniel Roberts, Co-Founder and Co-CEO of IREN. "We are just weeks away from achieving our 31 EH/s milestone and are excited to announce the acceleration of our growth trajectory to 50 EH/s in H1 2025, which was previously H2 2025. Our funding program is focused on alternative funding instruments and the strong operating cashflows we expect to generate enhances our flexibility to support potential distributions in 2025.” Business Update Bitcoin Mining (USD$m) 1 Sep 30, 2024 June 30, 2024 (USD$m) Sep 30, 2024 June 30, 2024 This press release includes "forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995. Forward-looking statements generally relate to future events or IREN's future financial or operating performance. For example, forward-looking statements include but are not limited to the Company's business strategy, expected operational and financial results, and expected increase in power capacity and hashrate. In some cases, you can identify forward-looking statements by terminology such as "anticipate,” "believe,” "may,” "can,” "should,” "could,” "might,” "plan,” "possible,” "project,” "strive,” "budget,” "forecast,” "expect,” "intend,” "target”, "will,” "estimate,” "predict,” "potential,” "continue,” "scheduled” or the negatives of these terms or variations of them or similar terminology, but the absence of these words does not mean that statement is not forward-looking. Such forward-looking statements are subject to risks, uncertainties, and other factors which could cause actual results to differ materially from those expressed or implied by such forward-looking statements. In addition, any statements or information that refer to expectations, beliefs, plans, projections, objectives, performance or other characterizations of future events or circumstances, including any underlying assumptions, are forward-looking. These forward-looking statements are based on management's current expectations and beliefs. These statements are neither promises nor guarantees, but involve known and unknown risks, uncertainties and other important factors that may cause IREN's actual results, performance or achievements to be materially different from any future results performance or achievements expressed or implied by the forward looking statements, including, but not limited to: Bitcoin price and foreign currency exchange rate fluctuations; IREN's ability to obtain additional capital on commercially reasonable terms and in a timely manner to meet its capital needs and facilitate its expansion plans; the terms of any future financing or any refinancing, restructuring or modification to the terms of any future financing, which could require IREN to comply with onerous covenants or restrictions, and its ability to service its debt obligations, any of which could restrict its business operations and adversely impact its financial condition, cash flows and results of operations; IREN's ability to successfully execute on its growth strategies and operating plans, including its ability to continue to develop its existing data center sites and to diversify and expand into the market for high performance computing ("HPC”) solutions it may offer (including the market for AI Cloud Services); IREN's limited experience with respect to new markets it has entered or may seek to enter, including the market for HPC solutions (including AI Cloud Services); expectations with respect to the ongoing profitability, viability, operability, security, popularity and public perceptions of the Bitcoin network; expectations with respect to the profitability, viability, operability, security, popularity and public perceptions of any current and future HPC solutions (including AI Cloud Services) that IREN offers; IREN's ability to secure and retain customers on commercially reasonable terms or at all, particularly as it relates to its strategy to expand into markets for HPC solutions (including AI Cloud Services); IREN's ability to manage counterparty risk (including credit risk) associated with any current or future customers, including customers of its HPC solutions (including AI Cloud Services) and other counterparties; the risk that any current or future customers, including customers of its HPC solutions (including AI Cloud Services), or other counterparties may terminate, default on or underperform their contractual obligations; Bitcoin global hashrate fluctuations; IREN's ability to secure renewable energy, renewable energy certificates, power capacity, facilities and sites on commercially reasonable terms or at all; delays associated with, or failure to obtain or complete, permitting approvals, grid connections and other development activities customary for greenfield or brownfield infrastructure projects; IREN's reliance on power and utilities providers, third party mining pools, exchanges, banks, insurance providers and its ability to maintain relationships with such parties; expectations regarding availability and pricing of electricity; IREN's participation and ability to successfully participate in demand response products and services and other load management programs run, operated or offered by electricity network operators, regulators or electricity market operators; the availability, reliability and/or cost of electricity supply, hardware and electrical and data center infrastructure, including with respect to any electricity outages and any laws and regulations that may restrict the electricity supply available to IREN; any variance between the actual operating performance of IREN's miner hardware achieved compared to the nameplate performance including hashrate; IREN's ability to curtail its electricity consumption and/or monetize electricity depending on market conditions, including changes in Bitcoin mining economics and prevailing electricity prices; actions undertaken by electricity network and market operators, regulators, governments or communities in the regions in which IREN operates; the availability, suitability, reliability and cost of internet connections at IREN's facilities; IREN's ability to secure additional hardware, including hardware for Bitcoin mining and any current or future HPC solutions (including AI Cloud Services) it offers, on commercially reasonable terms or at all, and any delays or reductions in the supply of such hardware or increases in the cost of procuring such hardware; expectations with respect to the useful life and obsolescence of hardware (including hardware for Bitcoin mining as well as hardware for other applications, including any current or future HPC solutions (including AI Cloud Services) IREN offers); delays, increases in costs or reductions in the supply of equipment used in IREN's operations; IREN's ability to operate in an evolving regulatory environment; IREN's ability to successfully operate and maintain its property and infrastructure; reliability and performance of IREN's infrastructure compared to expectations; malicious attacks on IREN's property, infrastructure or IT systems; IREN's ability to maintain in good standing the operating and other permits and licenses required for its operations and business; IREN's ability to obtain, maintain, protect and enforce its intellectual property rights and confidential information; any intellectual property infringement and product liability claims; whether the secular trends IREN expects to drive growth in its business materialize to the degree it expects them to, or at all; any pending or future acquisitions, dispositions, joint ventures or other strategic transactions; the occurrence of any environmental, health and safety incidents at IREN's sites, and any material costs relating to environmental, health and safety requirements or liabilities; damage to IREN's property and infrastructure and the risk that any insurance IREN maintains may not fully cover all potential exposures; ongoing proceedings relating in part to the default, and any future litigation, claims and/or regulatory investigations, and the costs, expenses, use of resources, diversion of management time and efforts, liability and damages that may result therefrom; IREN's failure to comply with any laws including the anti-corruption laws of the United States and various international jurisdictions; any failure of IREN's compliance and risk management methods; any laws, regulations and ethical standards that may relate to IREN's business, including those that relate to Bitcoin and the Bitcoin mining industry and those that relate to any other services it offers, including laws and regulations related to data privacy, cybersecurity and the storage, use or processing of information and consumer laws; IREN's ability to attract, motivate and retain senior management and qualified employees; increased risks to IREN's global operations including, but not limited to, political instability, acts of terrorism, theft and vandalism, cyberattacks and other cybersecurity incidents and unexpected regulatory and economic sanctions changes, among other things; climate change, severe weather conditions and natural and man-made disasters that may materially adversely affect IREN's business, financial condition and results of operations; public health crises, including an outbreak of an infectious disease (such as COVID-19) and any governmental or industry measures taken in response; IREN's ability to remain competitive in dynamic and rapidly evolving industries; damage to IREN's brand and reputation; expectations relating to Environmental, Social or Governance issues or reporting; the costs of being a public company; the increased regulatory and compliance costs of IREN ceasing to be a foreign private issuer and an emerging growth company, as a result of which we will be required, among other things, to file periodic reports and registration statements on U.S. domestic issuer forms with the SEC commencing with our next fiscal year, prepare our financial statements in accordance with U.S. GAAP rather than IFRS, and to modify certain of our policies to comply with corporate governance practices required of U.S. domestic issuers; and other important factors discussed under the caption "Risk Factors” in IREN's annual report on Form 20-F filed with the SEC on August 28, 2024 as such factors may be updated from time to time in its other filings with the SEC, accessible on the SEC's website at www.sec.gov and the Investor Relations section of IREN's website at https://investors.iren.com. These and other important factors could cause actual results to differ materially from those indicated by the forward-looking statements made in this investor update. Any forward-looking statement that IREN makes in this investor update speaks only as of the date of such statement. Except as required by law, IREN disclaims any obligation to update or revise, or to publicly announce any update or revision to, any of the forward-looking statements, whether as a result of new information, future events or otherwise. Non-IFRS Financial Measures This press release includes non-IFRS financial measures, including Net electricity costs, Adjusted EBITDA and Adjusted EBITDA Margin. We provide these measures in addition to, and not as a substitute for, measures of financial performance prepared in accordance with IFRS. There are a number of limitations related to the use of Net electricity costs, Adjusted EBTIDA and Adjusted EBITDA Margin. For example, other companies, including companies in our industry, may calculate these measures differently. The Company believes that these measures are important and supplement discussions and analysis of its results of operations and enhances an understanding of its operating performance. EBITDA is calculated as our IFRS profit/(loss) after income tax expense, excluding interest income, finance expense and non-cash fair value loss and interest expense on hybrid financial instruments, income tax expense, depreciation and amortization, which are important components of our IFRS profit/(loss) after income tax expense. Further, "Adjusted EBITDA” also excludes share-based payments expense, which is an important component of our IFRS profit/(loss) after income tax expense, foreign exchange gains and losses, impairment of assets, certain other non-recurring income, loss on disposal of property, plant and equipment, gain on disposal of subsidiaries, unrealized fair value gains and losses on financial assets and certain other expense items. Net electricity costs is calculated as our IFRS Electricity charges net of Realized gain/(loss) on financial asset, ERS revenue (included in Other income) and ERS fees (included in Other operating expenses), and excludes the cost of Renewable Energy Certificates (RECs). About IREN IREN is a leading data center business powering the future of Bitcoin, AI and beyond utilizing 100% renewable energy. Sodali & Co +61 477 946 068 IREN +61 407 423 395 [email protected] Aircover Communications +1 510 333 2707vegas casino slots game

NoneDaily Post Nigeria Nigerian President’s state visit to France: Expectations, Opinions Home News Politics Metro Entertainment Sport Opinion Nigerian President’s state visit to France: Expectations, Opinions Published on November 30, 2024 By Daily Post Staff Nigeria’s President, Bola Ahmed Tinubu, is making a three-day state visit to France that is attracting the attention of both local and international observers. The visit comes against the backdrop of a significant increase in French investment in Nigeria, which has doubled in the last decade to 10 billion euros. However, alongside economic issues, more pressing topics such as security and the presence of a foreign military may also be on the agenda. France and Nigeria continue to develop their economic ties, as demonstrated by recent investments in various sectors including energy, agriculture and infrastructure. However, with growing discontent among Nigerians over living standards and economic hardship, the question of how much this visit is really necessary becomes relevant. Another important aspect of the visit is security. Nigeria, facing threats from terrorist groups and internal conflicts, may look to France for support. However, with some Nigerians expressing concerns about the presence of out-of-control military units on the country’s territory, it is clear that sovereignty and security issues play a key role in the discussions. Nigerians are divided over the President’s visit to France. Some express dissatisfaction, believing that the trip will not be of real benefit to the country. One interviewee stated: « I don’t think it’s necessary because to go to France the president will use Nigeria’s resources to pay for the trip. What can France offer us? Sincerely, nothing ». This position emphasises distrust of foreign partners and a focus on domestic problems. Others point out that the president should focus on addressing urgent problems such as poverty and lack of social services. « What I’m waiting for is for him to come back to Nigeria and sit down with his colleagues to sort out the problems in Nigeria and find solutions that will make Nigerians happy, because the Nigerian people are not happy with what’s going on – says one of the citizens. There was also a viewpoint calling for a «return to the roots»: « You know charity begins at home you can’t just think you can count on international support from people who are there to win with your means. I don’t think we should go ahead and strengthen our ties with France. It would be better to go back to your roots, come back home and solve the problems that are slowly eating away at the country ». Such sentiments point to the growing desire of Nigerians for independence and self-sufficiency. President Bola Tinubu’s visit to France raises many questions about the future of Nigeria’s relations with foreign powers. The people’s views and needs must be taken into account. Perhaps Nigeria should focus on domestic issues before deepening cooperation with foreign partners. Lamine Fofana Related Topics: Nigerian President's state visit to France Don't Miss Arabinrin Aderonke: Zacch Adedeji calls for public support for govt policies You may like Advertise About Us Contact Us Privacy-Policy Terms Copyright © Daily Post Media Ltd‘Cobra Kai’: Thomas Ian Griffith’s Infamous Villain Finally Got to Let It Out in Season 6

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The Navi Mumbai Municipal Corporation (NMMC) has identified 527 buildings as dilapidated for 2024-25 after a city-wide survey. To enhance safety, the NMMC has mandated structural audits for all buildings older than 30 years. Navi Mumbai: To address growing concerns over deteriorating infrastructure, the Navi Mumbai Municipal Corporation (NMMC) has identified 527 buildings as dilapidated for the 2024-25 period, following an extensive survey on the structural integrity of buildings throughout the city. As part of ongoing safety measures, the NMMC has introduced a regulation requiring all buildings older than 30 years to undergo a mandatory structural audit. The 30-year threshold is determined based on either the building’s date of first occupancy or the issuance of its occupancy certificate. These audits must be carried out by engineers registered with the NMMC-approved panel. Property owners are required to submit the audit reports to the relevant ward office or the Town Planning department by March 31, 2025. Non-compliance will result in penalties under the Maharashtra Municipal Corporation Act (MMCA), Section 3948 A. Owners failing to submit audits on time will face fines of ₹25,000 or an amount equivalent to their annual property tax, whichever is higher. An initiative to prevent accidents at old building in Navi Mumbai The NMMC’s survey, conducted under Section 264 of the MMCA, aims to improve safety and prevent potential accidents from structural failures. In a related development, the civic body has also mandated audits for buildings under redevelopment and those under 30 years old. This decision follows reports of manipulated audit reports in the past, with some property owners allegedly altering findings to expedite redevelopment approvals. For buildings availing redevelopment scheme The Navi Mumbai Municipal Corporation (NMMC) has mandated that buildings undergoing redevelopment, those benefiting from redevelopment schemes, or structures less than 30 years old must undergo an audit conducted by IIT Bombay. “There were instances wherein the structural audit report of buildings which were just 15 years old were manipulated to get it declared as dilapidated and get it redeveloped. So, it has been made mandatory by the commissioner to avail the structural audit report through IIT,” said deputy municipal commissioner, encroachment, Dr Rahul Gethe. Click for more latest Delhi news . Also get top headlines and latest news from India and around the world at News9. Harsh Trivedi, working as a Senior Sub Editor at TV9 Network primarily covers news updates from 8 major cosmopolitan cities. Harsh is a language agnostic journalist who is committed to ethical, credible, factual and responsible journalism through his research-driven stories. He talks about ‘Free Press’ and its significance for a free and functional democracy. In his 4.5-year-long TV & Digital journalism journey, Harsh is experienced in covering politics, crime & sports for some of the country’s leading media outlets including Network 18, ITV - NewsX, and The Free Press Journal, with an added experience of on-ground coverage from Madhya Pradesh & Chhattisgarh during the 2023-Five State Vidhan Sabha Elections.Call it Fox & Fiancées: Fox News’ prime-time star Sean Hannity is engaged to “Fox & Friends” co-host Ainsley Earhardt. The “Hannity” host popped the question at their home church at Christmas, according to Fox News . The couple’s children — he has two, she has one — “couldn’t be happier” about the engagement, giving their parents their blessing and support, the cable news network said. “We are overjoyed and so thankful to our families for all of their love and support during this wonderful time in our lives,” the Fox News hosts said. The spouses-to-be did not announce the engagement on their social media pages, but Earhardt marked the holiday with an Instagram carousel of Christmas photos that featured Hannity. “Merry Christmas. Happy Birthday, Jesus. 2024 has been a very special year. #christmas #merrychristmas,” she wrote Wednesday. Although it’s unclear exactly when Earhardt, 48, and Hannity, 62, began dating, the private couple said they bonded over their deep faith. They have reportedly been spotted together at social events since 2019. Vanity Fair first reported in 2020 that the pair — dubbed the “first couple of Fox” by the magazine — had been privately dating for months after arriving together by private helicopter for the wedding of then-“Fox & Friends” weekend host Pete Hegseth and producer Jennifer Rauchet at the Trump National Golf Club in Bedminster, N.J. People then claimed that Earhardt and Hannity had been seeing each other “for years,” but the speculation yielded denials from both TV personalities at the time, with the former announcing that she was not dating anyone and the latter asserting that he doesn’t publicly discuss his personal life. Meanwhile, Earhardt is based in New York while Hannity lives in Florida as they carry out their long-term deals with Fox News Media. The couple said they maintain their long-distance relationship with weekend trips. Hannity, who also hosts the streaming Fox Nation show “Sean,” joined the network when it debuted in 1996 and launched “Hannity & Colmes” with his liberal counterpart Alan Colmes, who left the show in 2008 after 12 years. Since then, the conservative political pundit has remained among the cable news network’s top prime-time stars. Earhardt joined Fox News in 2007 and briefly hosted a segment on “Hannity.” She began co-hosting “Fox & Friends” in 2016 and also hosts “Ainsley’s Bible Study” on Fox Nation. This will be the second marriage for Hannity and the third for Earhardt. Hannity was wed to journalist Jill Rhodes for 26 years before they divorced in 2009. The former spouses share two adult children, Merri and Sean. Earhardt was previously married to Kevin McKinney from 2005 to 2009 and Clemson Tigers quarterback Will Proctor from 2012 to 2019. She and Proctor share a 9-year-old daughter , Hayden. Both Earhardt and Hannity say they “still get along well” with their exes and that they all support one another. “We actually made them aware this was happening ahead of time,” they said. The couple, longtime defenders of President-elect Donald Trump, also received well wishes on Friday from him. “Great news about Sean and Ainsley. They are officially engaged to be married! There are no finer people than these, and there will be no finer couple. Congratulations to both - A deal made in HEAVEN!!!” he wrote on his social media platform Truth Social.

NEW YORK, Nov. 26, 2024 (GLOBE NEWSWIRE) -- At the end of the settlement date of November 15, 2024, short interest in 3,070 Nasdaq Global Market SM securities totaled 11,973,515,318 shares compared with 12,172,949,545 shares in 3,083 Global Market issues reported for the prior settlement date of October 31, 2024. The mid-November short interest represents 2.25 days compared with 3.02 days for the prior reporting period. Short interest in 1,668 securities on The Nasdaq Capital Market SM totaled 2,044,997,906 shares at the end of the settlement date of November 15, 2024, compared with 2,128,624,815 shares in 1,664 securities for the previous reporting period. This represents a 1.00 day average daily volume; the previous reporting period’s figure was 1.05 In summary, short interest in all 4,738 Nasdaq ® securities totaled 14,018,513,224 shares at the November 15, 2024 settlement date, compared with 4,747 issues and 14,301,574,360 shares at the end of the previous reporting period. This is 1.83 days average daily volume, compared with an average of 2.36 days for the prior reporting period. The open short interest positions reported for each Nasdaq security reflect the total number of shares sold short by all broker/dealers regardless of their exchange affiliations. A short sale is generally understood to mean the sale of a security that the seller does not own or any sale that is consummated by the delivery of a security borrowed by or for the account of the seller. For more information on Nasdaq Short interest positions, including publication dates, visit http://www.nasdaq.com/quotes/short-interest.aspx or http://www.nasdaqtrader.com/asp/short_interest.asp . About Nasdaq: Nasdaq (Nasdaq: NDAQ) is a leading global technology company serving corporate clients, investment managers, banks, brokers, and exchange operators as they navigate and interact with the global capital markets and the broader financial system. We aspire to deliver world-leading platforms that improve the liquidity, transparency, and integrity of the global economy. Our diverse offering of data, analytics, software, exchange capabilities, and client-centric services enables clients to optimize and execute their business vision with confidence. To learn more about the company, technology solutions, and career opportunities, visit us on LinkedIn , on X @Nasdaq , or at www.nasdaq.com . Media Contact: Jennifer Lawson jennifer.lawson@nasdaq.com A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/f227accd-cd52-4299-9a83-e3bcaa7a247c NDAQODodgers Secure Pitching Depth with Pre-Arbitration DealA 7.0 magnitude earthquake shook a large area of Northern California on Thursday, knocking items off grocery store shelves, sending children scrambling under desks and prompting a brief for 5.3 million people along the U.S. West Coast. The quake struck at 10:44 a.m. west of Ferndale, a small city in coastal Humboldt County, about 130 miles (209 km) from the Oregon border, the U.S. Geological Survey said. It was felt as far south as San Francisco, some 270 miles (435 km) away, where residents felt a rolling motion for several seconds. It was followed by multiple smaller aftershocks. There were no immediate reports of major damage or injury. The tsunami warning was in effect for roughly an hour. It was issued shortly after the temblor struck and covered nearly 500 miles (805 km) of coastline, from the edge of California’s Monterey Bay north into Oregon. “It was a strong quake, our building shook, we’re fine but I have a mess to clean up right now,” said Julie Kreitzer, owner of Golden Gait Mercantile, a store packed with food, wares and souvenirs that is a main attraction in Ferndale. “We lost a lot of stuff. It’s probably worse than two years ago. I have to go, I have to try and salvage something for the holidays because it’s going to be a tough year,” Kreitzer said before hanging up. The region — known for its redwood forests, scenic mountains and the three-county Emerald Triangle’s — was struck by that left thousands of people without power and water. The northwest corner of California is the most seismically active part of the state since it’s where three tectonic plates meet, seismologist Lucy Jones said on the social media platform BlueSky. Shortly after the quake, phones in Northern California buzzed with the tsunami warning from the National Weather Service that said: “A series of powerful waves and strong currents may impact coasts near you. You are in danger. Get away from coastal waters. Move to high ground or inland now. Keep away from the coast until local officials say it is safe to return.” Numerous cities urged people to evacuate to higher ground as a precaution, including Eureka. In Santa Cruz, authorities cleared the main beach, taping off entrances with police tape. Aerial footage showed cars bumper-to-bumper heading to higher ground Thursday morning on California highways 1 and 92 in the Half Moon Bay area south of San Francisco. “I thought my axles had fallen apart,” said Valerie Starkey, a Del Norte County supervisor representing Crescent City, a town of fewer than 6,000 near the Oregon border. “That’s what I was feeling ... ‘My axles are broken now.’ I did not realize it was an earthquake.” Cindy Vosburg, the executive director for the Crescent City-Del Norte County Chamber of Commerce, said she heard alarms sound just before shaking began and the city’s cultural center downtown started to creak. “The earthquake seemed to go on for quite a few seconds. It was a rolling earthquake,” Vosburg said. “Just as it would start to subside, the building would roll again.” Vosburg, a former resident of the San Francisco Bay Area and the Central Valley, said it was the strongest earthquake she felt since the struck Northern California. Gov. Gavin Newsom said he has signed off on a state of emergency declaration to quickly move state resources to impacted areas along the coast. State officials were concerned about damages in the northern part of the state, Newsom said. White House Spokesperson Jeremy Edwards said President Joe Biden was briefed on the earthquake and that FEMA officials are in touch with their state and local counterparts in California and Oregon. Crews in Eureka, the biggest city in the region, were assessing if there was any major damage from the quake, Eureka Mayor Kim Bergel said. Bergel, who works as a resource aid at a middle school, said lights were swaying and everyone got under desks. “The kids were so great and terrified. It seemed to go back and forth for quite a long time,” she said. Some children asked, “Can I call my mom?” The students were later sent home. In nearby Arcata, students and faculty were urged to shelter in place at California State Polytechnic University, Humboldt. The campus in was not in the tsunami hazard zone and after inspections, “all utilities and building systems are normal and operational,” the university said in a statement. Humboldt County Sheriff William Honsal said residents experienced some cracks in their homes’ foundations, as well as broken glass and windows, but nothing severe. There also have been no major infrastructure problems, building collapses or roadway issues, and no major injuries or deaths have been reported, he said. Honsal said he was in his office in the 75-year-old courthouse in downtown Eureka when he felt the quake. “We’re used to it. It is known as ‘earthquake country’ up here,” he said. “It wasn’t a sharp jolt. It was a slow roller, but significant.” Michael Luna, owner of a Grocery Outlet in Eureka, said that besides a few items falling off shelves, the store on Commercial Street was unscathed by the earthquake. “We didn’t have any issues but a couple of deodorants fall off.... I think the way the earthquake rumbled this time, it was a good thing for our store because the last earthquake was a huge mess,” he said. They evacuated customers and closed their doors temporarily until officials lifted the tsunami warning, he said, rushing off the phone to attend to a growing line of customers at check-out. The San Francisco Bay Area Rapid Transit District, known as BART, stopped traffic in all directions through the underwater tunnel between San Francisco and Oakland, and the San Francisco Zoo’s visitors were evacuated. Dave Snider, tsunami warning coordinator for the Tsunami Warning Center in Alaska, said the computer models indicated that this was the type of earthquake that was unlikely to cause a tsunami and gauges that monitor waves then confirmed it, so forecasters canceled the warning. This quake was a strike-slip type of temblor that shifts more horizontally and is less prone to cause tsunamis, unlike the more vertical types, said National Weather Service tsunami program manager Corina Allen in Washington state. The California Geological Survey says the state’s shores have been struck by more than 150 tsunamis since 1800, and while most were minor, some have been destructive and deadly. On March 28, 1964, a tsunami triggered by a powerful earthquake in Alaska smashed into Crescent City hours later. Much of the business district was leveled and a dozen people were killed. More recently, a tsunami from a 2011 earthquake in Japan caused about $100 million in damages along the California coast, much of it in Crescent City.None

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