I read somewhere else that regolith is spiny and porous, and with the leading theory of the moon being that it was the result of some massive object hitting Earth a long time ago, and then the ejected material coalescing in orbit and cooling, it makes sense to me that it would be more of an insulator than a conductor. I only know a bit of materials science from what I learned in nuclear power school back in the day, but for a conductor you want to have, generally, no air voids. I recall learning how bubbles in the steel for the plant could not only lead to failures, but also lead to thermal stress points because heat would build up on the "thinner" cross section of metal when there were pores all over (heat transfer being dependent a lot on the cross sectional width, IIRC). Anyways, it's unlikely they'll actually build anything on the moon anytime soon, especially a "data center".