Today (14-May 2025) at 05:20 UTC an earthquake with the magnitude of Mw4,9 to Mw5,0 (Icelandic Met Office). EMSC is reporting this earthquake at Mw4,6 (information here). This earthquake was felt in Grímsey and south to Akureyri town.
This earthquake swarm has been showing signs of happening in waves, with quiet or lower activity between them. What that means is unclear. More strong activity might happen in next few hours or next few weeks. This earthquake swarm might also just stop suddenly, as happens frequently in this area. I am not seeing any signs of magma movement in this area.