The inertia of the fan blades rotating probably limits the data rates you can get with this method, assuming rotation speed correlates with sound frequency (to distinguish between 1 and 0). I would guess it might be a few bits/minute.
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"Data Exfiltration from Speakerless Air-Gapped fanless Computers with SSDs via subtle screen color-temperature variation."
I imagine it's easier with stronger emissions (e.g. CRTs), but also still relevant with EM emitting from modern displays