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The place name Hauganes means "mound peninsula". Fishing is an important industry to the village. Salted fish is produced there, the factory also runs a seafood restaurant in the summer months and operates pay-what-you-want hot tubs at the coast.
- Norðurlands, Markaðsstofa. "Heitir pottar á Hauganesi". Norðurland (in Icelandic). Retrieved 2020-12-10.