Not entirely with the exact same components, but the principles are the same. The main component in the system is a 12V DC cooling compressor driven by the computers Power supply. This cooling compressor pumps out fluent refrigerant under pressure inside a vaporizer. This vaporizer is installed on the processor. In the vaporizer the refrigerant expands and it begins to boil.
Heat is absorbed causing the coolant to boil.
The heat is removed from the processor and the processor is cooled down. Whenever water boils, in time the water will vaporize and that goes for refrigerant too. When the refrigerant is vaporized, it returns to the condenser where it is cooled, returned to liquid form, and begins the cycle again. Just like water only the temperature ranges are a bit different. If you gotta know more, call an refrigerator repair shop and they will tell you all about it.