If you have the technical chops to set up a data center in space — with no connections to the electrical grid or municipal water, you can use your technology to build your data center with the same specs right here on earth in 90% of places that you think are issuing "bans". You'll also get much better cooling for free via convection.
A remote town with a population of 43 will be happy for a data center to employ 2 locals, but data center operators aren't doing that today because they want tax breaks tiny towns can't give, infrastructure tiny towns don't have, nevermind a well-armed police force to deter would-be GPU thieves. Space is a red herring.
Remote towns with populations of 43 are exactly the sorts of places that are pushing back on having datacenters in their areas.
And space is the ultimate physical protection. In reality a bigger issue than GPU thefts are protests or leftist groups trying to firebomb you. See the problems the Tesla factory in Germany has had with leftist violence, like setting its electricity pylons on fire (because electric cars "consume natural resources and are not sustainable", lol). The left has become very anti-AI and so the risk of attacks on facilities, especially if built outside the USA, is quite high which in turn means you have to overbuild physical security like high fences.
Whether they can be worth the money it cost to put them in orbit is another story.
Apples to oranges, long-lived satellites have modest power needs. Doing a back-of-the napkin math on required size of solar array and radiative elements for a single-rack's worth of energy is a sobering exercise for those who are a overly exuberant on the topic. The all-in power estimate for a single GB300 chip is 2.1kW
Edit: ISS is about 90KW steady state, and the collector to radiator area ratio is about 5:1. Dunno about the mass ratio.
My point is not that space data centers are viable or sensible. Only that the need for cooling is limited. If a terrestrial datacenter was powered only by its rooftop solar panels, cooling it would be trivial. Space is harder, but there just isn’t that much heat to dump.
A simple rock in orbit radiates exactly as much heat as hits it from the sun, on average.