I usually wouldn't answer the question, suspecting there would be some "gotcha" trick answer, but I would reply with a qualified yes. Apple is profitting handsomely from their proprietary technology and configurations, so what I would say is yes, if you are willing to replace most of what's inside of the computer.
YOU MAY BE IN IN LUCK[br]
This was the final year of production of the Intel iMac and lat this point all the bugs and flaw in the design had been worked out. If you can find someone (like myself) who is about to convert their 2020 iMacto be a 5k display only. That modification requires removing all the internal computer components, including CPU, Memory and storage, and replacingthem with a new aftermarket hardware display board. I ordered my iMac custom, so it came configured with a 10-core i9 and 1TB SSD storage. I upgraded the RAM to 128GB.
IT'S ALL AVAILABLE[br]
Once I complete my conversionI don't have plans as to what to do with components, and if someone else were interested in instaling these components in their iMac, I am open to discussinga a fair sales price for the package. I do not want the components to wind up going to a shady eWaste site and a solution that requires the least cost to our precious habitat we live is the one I prefer.