To get a ballpark power usage, we can look at comparable (for some definition thereof) commercial offerings. Take a public datasheet from Arista[1], they quote 16W typical for a 400Gbps module for 120km of reach. You would need 2500 modems at 16W (38kW) jointly decoding (i.e. very close together) to process this data rate. GPU compute has really pushed the boundaries on thermal management, but this would be far more thermally dense.
[1] https://www.arista.com/assets/data/pdf/Datasheets/400ZR_DCI_...