That will probably work about as well as the proposal to put a data center on Sealand [1]. Or Cryptoland. Or Satoshi Island. Or Blueseed.[2]
Or the Space Kingdom of Asgardia, which launched a successful satellite with some data storage in 2017.[3] That lasted until 2022, when the satellite re-entered.
[1] https://en.wikipedia.org/wiki/Principality_of_Sealand