No. If they still draw an enormous amount of water, that's the finite resource that's getting wasted no amount of money could immediately retrieve. Paying for electricity doesn't mean the resources are not shared.
Personally I am much more concerned about datacenters that take it upon themselves to burn natural gas. And noise. Noise pollution can actually be detrimental to your health, and there's basically no mitigation that exists. So we really have to look at noise.