You are making the assumption that moving data centers underwater would also come along with a 10,000-fold increase in the number of data centers? That seems like an unnecessarily hyperbolic approach.
That would mean going from 8.4 million data centers to 840 billion data centers. I mean, come on...
But hey, let's roll with it. What would be the effect on the environment if we literally had 10,000 times more data centers ABOVE ground, for comparison? After all, you are neglecting to take into account the fact that a HUGE amount of the wattage used by existing data centers has been cooling via HVAC, and by switching to underwater cooling their overall watt usage would theoretically drop a good bit due to the efficiency gains.