@VictorS, yes, absolutely. For more information on possible set ups you can follow this thread : Using any audio source with HQPlayer - Spotify, Amazon, Apple Music, YouTube Music, Deezer, Soundcloud [2023]
In my particular case the chain is “simple classics” : Ethernet → BlueSound Node (as receiver) → Optical Toslink → USBStreamer B → USB → HQPlayer Embedded Server → …
So I have all Spotify content @1024 SDM, it’s amazing.
PS: Especially partying with friends “so, what’s that your fancy system now? Can you play my track?” “YES, I sure can, hehehe!”