To put it another way, does a server under a constant 500W produce the exact same amount of heat as a dumb 500W electric space heater? Excluding things like the tiny amount of energy that gets sent out on CAT5 cables, which I believe still gets turned into heat just elsewhere.
I think this is true, but it’s still counterintuitive. Makes me think there’s something more useful we could make electric space heaters do with their energy and still produce the same amount of heat.