I had previously looked at the PNW. I adore seattle , but the earthquake / tsunami / wild fire risk projections are extreme. I know they're retrofitting a lot of infra and housing there, but a cascadia fault quake / tsunami is gonna be a bad time even if fema's 'everything east of I-5 is toast' is overhyped.
At some point, you need to do the pro/con analysis. If you add minimum natural disasters risk, based on when I knew something about datacenter siting details, you were looking at maybe Las Vegas area (which also has access to Hoover Dam power). But, now, you're in extreme desert heat (predictably) in the summer and probably don't tick off a lot of other considerations either.