I have installed Magento v2.3.4 website on VPS with below config:

OS: CentOS
CPU: 2 x 2.2 Ghz
RAM: 2 GB

Whenever the website is accessed, I see a sudden spike in CPU usage & it goes upto 100%. This causes website to load slow, even for just one user.

htop shows multiple of these command being executed:

Apache/httpd block generated via DirectAdmin responsible for above is:

<Directory /home/admin/public_html>
    <IfModule mod_fcgid.c>
            FCGIWrapper '/usr/local/safe-bin/fcgid73.sh /usr/local/directadmin/data/users/admin/php/mysite.com.ini -d sendmail_from="admin@mysite.com" -d open_basedir="/home/admin/:/tmp:/var/tmp:/opt/alt/php73/usr/share/pear/:/dev/urandom:/usr/local/lib/php/:/usr/local/php73/lib/php/" -d mail.log="/home/admin/.php/php-mail.log"' .php
                <FilesMatch "\.php$">
                    SetHandler fcgid-script
                        Options +ExecCGI
                </FilesMatch>
    </IfModule>
            suPHP_Engine ON
            suPHP_UserGroup admin admin
</Directory>

How should I address the issue? Please guide.