Underwater data centers make a great deal of sense - close to customers (low latency), fast deployments (decision to power on in 90 days), and, of course, cooling efficiencies. I expect them to actually happen if Phase 2 goes well.
Then again, I'm a bit biased - I worked on both Phase 1 and 2.
Then again, I'm a bit biased - I worked on both Phase 1 and 2.