I've always assumed it's been looked at, so I don't worry about it particularly, but I never see anybody talk about it.
Anyway this is fascinating stuff!
To your question, I'm wondering if they simply pump down water and extract resulting steam once it reaches the point of vaporization? The steam condensers and everything else are already built on-site for coal generation.
One difficulty would be handling any accumulated minerals that got into the steam loop from interaction with the rock in the hole. Unlike traditional closed-loop steam generator, an open system would pick up contaminants and eventually cause scaling.
Maybe you‘re thinking of tidal power plants? Tides are gravitationally caused, and as far as I know tapping into them infinitesimally changes Earth‘s rotation (and to some extent probably also Earths and the Moon‘s orbit).