Yes. It automatically uses all NIC’s that it finds and listens for incoming DHCP requests. Windows 2000 (and later OSs) has a little bit of a different behavior than previous Windows operating systems. It doesn’t tell you the IP address of an adapter until it is physically connected. The DHCP server since V1.3 supports that as well by implicitly stopping and starting itself whenever a change in the IP configuration occurs.
You can also restrict the DHCP Server to certain cards by using the IPBIND_x entries in the [Settings] section or server “virtualization”.