well if you boil water with asics and
1)put it under pressure (large pressure cooker) you have steam under pressure
2)which could run a turbine which could make some power
3)which could run an ac
but getting the water hot enough means you need chips that can take 125c not 80c
so good luck with that.
Water's pretty much out of the question for a thermal transfer media due to its boiling point.
Something with a much lower boiling point could be used to carry the heat and this is typically the type of fluid used in submersion cooling PFPE or Perfluoropolyether, these fluids are available with a wide range of low boiling points, also they're not conductive and have a very high dielectric constant.
However it would only be useful in as much as a thermal transport media, in other words for moving the heat from the ASIC to somewhere else. By itself, it would not be practical for generating power or providing cooling other than at the point of use.
I do not know if PFPE boiling point alters under pressure like water does, but potentially the vapor generated during the boiling process could perhaps drive a small turbine with the exhaust gasses then being condensed and returned to the system.
if you designed one and got it to work I know you would not get 100% efficiency as that would be like a perpetual motion concept.
But I doubt you could salvage 10 to 15 percent via some steam style turbine.
Basically 10 submerged 3k miners heating something into a gas driven turbine to give a 3k output.
which would run an efficient ac .
And as I said I do not know what you could use to get hot enough to make steam/gas with enough pressure to run the turbine.
It would cost big bucks you need a vat for the immersion you need pumps to flow the coolant and I still think the coolant won't run a turbine well enough to recoup the cost to build it.