Stackoverflow used those MD5 hashes to display gravatars. Downloading old stackexchange data dumps is simply an easy way of collecting stackoverflow's gravatar hashes.
> Some time in 2013 the email hash issue was brought to light and Stack Exchange promptly removed the email hashes from their dumps, but the damage was already done.
The issue has been known since at least 2009: http://www.developer.it/post/gravatars-why-publishing-your-e...
And I warned of this exact issue on meta.stackexchange in 2011: https://meta.stackexchange.com/a/84734/152255
In 2011 the dump contained 95k unique email hashes plus 10k IPv4 addresses, while the dump mentioned in the article had grown to 1.8M.
Stack exchange ignored the issue for several years, instead of fixing it promptly. This delay increased the number of affected email addresses increased 20x.