Of course water use above replenishment rates is bad, it doesn't magically rain down in the same spot and all the underground water tables get full again. They deplete, meaning existing consumers have to dig deeper or just go without water. Even ancient peoples knew that if you take too much water from a well, it will dry out.
I imagine you would see the point in measuring how much water data centres use when one opens near you, and you can't flush your toilet any more.
Months in some places. But in the arid locations, it can take thousands of years for water to go from surface to aquifer.
A lot of these data centers and chip fabs are built in arid places because labor is cheap, taxes are low, and land is cheap. The reason for those three things is that there's not enough freaking water in the first place.
Slurping it up to run digital addiction mills and predatory advertising falls somewhere on a spectrum ranging from just plain stupid to abhorrently immortal.
Draining oasis in a desert might have much higher impact than one of the thousands of lakes in canada but still, it's a renewable resource. Most of the places suitable for datacenters have plenty of it anyway as datacenters are more suited for colder climates which usually have plenty of water.
At least that's my logic