Yesterday (01-March-2021) at 19:53 UTC an magnitude Mw3,3 earthquake took place north-east of Grímsey island. This might be a new earthquake swarm in this area since earthquake swarms in Tjörnes Fracture Zone often star slowly. Earthquake swarms are common in this part of Iceland.
There is a chance of a stronger earthquake swarm in this area. Currently the activity remains small and nothing more might happen. This earthquake activity is not connected to what is happening on the Reykjanes peninsula.
Next article about Reykjanes peninsula activity is going to be written tomorrow (2-Mars-2021) unless something major happens.