Welcome to The Madness dude
Yes, it seems to be the right place buahahahaha.....
*chuckle*
It's all about electrical properties of coolant used for immersion cooling.
As far as I know fluorients have been used to it, I have not heard of ethanol immersive cooling solution.
Search some chemistry books, encyclopedias on-line for physical and chemical propoerties of ethanol and you will know if its suitable.