PC completely freezes on suspend

On a relatively new workstation, with both Fedora 39 and 40, I have the following problem whenever I suspend my PC:

  1. The screen goes black.
  2. The case fans speed up to full speed.
  3. There is no way to wake up or shut down at all.

The only thing I can do to get my PC working again is to cut off the power supply (flip the switch on the PSU), re-enable the power supply, and boot again. Pressing any buttons or holding down the power button has no effect.

Is this a known problem? What would be the recommended way to debug such an issue?