I don't pretend to understand the thermodynamics of all of this to do an actual calculation, but note that the ISS spends half its time in the shadow of the earth, which these satellites would not do.
Low satellites are still cooler in the Earth's shadow than they would be in unshadowed orbits, but higher orbits are cooler than either. Not where you'd want to put millions of datacenters though.
> By directly harnessing near-constant solar power
Implies they would not spend half of their time in the dark.