We suggest a new type of nano-electromechanical resonator, the functionality of which is based on a magnetic field induced deflection of an appropriate cantilever that oscillates between nitrogen vacancy (NV) spins in daimond. Specifically, we consider a Si(100) cantilever coated with a thin magnetic Ni film. Magnetoelastic stress and magnetic-field induced torque are utilized to induce a controlled cantilever deflection. It is shown that, depending on the value of the system parameters, the induced asymmetry of the cantilever deflection substantially modifies the characteristics of the system. In particular, the coupling strength between the NV spins and the degree of entanglement can be controlled through magnetoelastic stress and magnetic-field induced torque effects. Our theoretical proposal can be implemented experimentally with the potential of increasing several times the coupling strength between the NV spins as compared to the maximal coupling strength reported before in P. Rabl, et al. Phys. Rev. B 79, 041302(R) (2009).