Highly unlikely. The Mini has a 10GbE ethernet socket option. That Ethernet is driven by a Ethernet controllers. Pretty unlikely that is coupled to the SoC by USB.
iMac M1 teardown. Step 8
Is the new M1 iMac just a silly-sized M1 iPad, a detached-keyboard M1 MacBook, an M1 Mac Mini stretched out like pizza dough? We’ll only know by...
www.ifixit.com
Yellow square there is a Broadcom BCM57762 ethernet controller. It needs a x1 - x2 PCI-e lane bundle. ( 10GbE option in Mini M1 would be the x2 variant. No 10GbE in iMac. ).
Apple is also provisioning some of the USB sockets with a "ASMedia
ASM3142 PCIe-to-USB 3.1 Gen 2 controller".
ASMedia Technology was founded in 2004 and went public in 2012 (stock code: 5269.TW). Headquarter is located in Taiwan. ASMedia specializes in high-speed interface technologies with strong expertise in high-speed SERDES in house development. Company strives for continual innovation and the...
www.asmedia.com.tw
That also needs a x2 lane bundle.
the baseline for the chip is the "1 to 2 port wonder" iPad Pro , but at some point they go past just two ports needed.
[ Thunderbolt needs USB 2.0 port provisioning also separate from the TB controller. ]
What the M1 doesn't have is anything like a x4 , or x8 , x16 PCI-e v4 lane allocation. But a couple of x1's and/or x2's are likely there. There are some NAND chip paths but the SSD controller is inside the M1 and there are no SSD NAND modules in the mix here at all either.