Almost, but not quite. In GamersNexus' review they recorded 250.8W measured at the EPS12V cables, while using an Arctic Cooling Liquid Freezer II 360mm AIO with the fans at 100%. At 230W/1.5V=153A a good VRM will generate about 17W of heat. That leaves you a few watts for board power plane and socket resistive losses (I don't have an estimate for that).
Not a very practical cooling solution for a day-to-day workstation, but I do wonder if you could reduce the fan speeds a bit while still maxing out the power limit.