1. You have to check more clearly the capabilities of those Xeons.. if they have
AES-NI instructions you should be able to mine CryptoNight algorithm (Monero and others). Leave one of the servers mine for an hour or so, check the reported hashrate, maybe decrease by 10% for sure, check on whattomine if it worth your time.
1a. Make tests with more mining programs, especially if you go on CryptoNight path, since there are some that use only the CPU 100% and some only some 30%, in some cases returning similar hashrate.
2. Beware, the "free, unmetered electricity" is tricky. The building owner's bill will rise and may start checking what causes the difference (and may increase the bill or even accuse you of theft), also if the office is not your and you only work there, your employer may not like this.