Does Hazel Multitask?

I now have thoroughly multi-core Macs.

I generate folders full of FTP downloaded GIFs. (Think dozens in a folder that arrive within a few minutes of each other.)

I would like Hazel - on seeing a new GIF - to convert it to a PNG.

So, could Hazel run the conversion on multiple threads - and hence use the cores in a parallel way?

(And GIF is a given because that’s what GDDM on z/OS creates and GDDM is a given in my day job.)