Malta makes money with igaming and money laundering. There's literally no other businesses there, other than basic necessities, and even these barely work. It's only focused on entertainment.

They import food and water. Malta is very hot during the summer. There's AC unit everywhere and it's a default cooling unit as well, as there's no "European winter" there. Everyone collects rain water and stores it on the roof.

They are one tsunami away from being decimated.

There's one company renting servers and it's full of online casinos, just so the companies meet the regulatory requirement.

Malta is the worst place on earth to have a data center I can think of.