The "good idea" isn't the data centers but the stock pumping. You propose something insanely difficult and expensive (also hopelessly impractical and stupid in this case) and because it is so difficult and expensive you claim you can monopolize the market if you succeed which is the ultimate dream of every capitalist but you just need some insane amount of investment to get there. Then when the money runs out you go back and ask for more and exploit sunk cost fallacy. All the while valuations increasing. It is an amazing way for already rich scammers to get much, much richer than could happen in a sane economy and slurp up huge amounts of capital that otherwise could have gone into more productive endeavors.

Obviously in any well regulated economic system this shit would be subject to some proper oversight to protect the interests of the majority, particularly all the people whose pensions and livelihoods are at risk when this all goes to shit.