I argue here that preventing a large iceberg from melting is absurdly cheap per unit area compared to just about any other way of making new land, and it's kind of crazy to spend money on space exploration and colonization before colonizing the oceans with floating ice-islands.
Pykrete is much weaker than concrete. You need to look up actual numbers for both tension and compression, in MPa. Concrete with >50 MPa compressive is common now.
Pykrete is not 50+ times cheaper than concrete. Sawdust is now something like $40/ton + say $20/ton delivery. At 14%, that's $8.40/ton for the sawdust alone. Portland cement is like $130/ton and you only need 15% for concrete, so around $20/ton for the concrete component. Then you need aggregate, but with Pykrete you also need to deal with freezing it, and that's relatively difficult because it has low thermal conductivity.