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Have you ever done something for yourself on your (job) company's infrastructure?
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Most of the space heaters that I've seen are like 1,500 watts. According to the UPS this computer is plugged into, it consumes around 650 watts. So it's not as powerful as a space heater, but when the exhaust is pointed directly at your legs, it gets plenty warm.
It already exists. There is a company that sells a space heater that mines crypto currency. You get like 50% or the profits which sucks, but you at least recoup a bit of the cost of the electricity to run the heater.
I think we should try to heat ourselves with computing as much as we can since the side effect of computing is heat generation (and minor RF losses). How cool would it be to make a large supercomputer out of millions of homes heating up in the winter?