The max operating voltage is 1.52 that takes into account thermals. I'm obviously over that.
I'm cooling it with a full custom loop that has two EK 240 PE rads. Fans are ML120 set at a fixed 66%. Pump speed is 100%. GPU (2080 Ti KPE w an EK block) temps are exactly like they always have been.
You can't actually use the Maximizer with the Z390 dark. I have a post about that but the short version is that the Intel Watchdog Timer is disabled in the EVGA BIOS. The only workaround I have found is to use the XOC bios which can reveal MANY more settings and enable it in there. There's a couple of places in the XOC bios you have to turn it on. Then you can launch Intel XTU and verify that watchdog is on.
I have tried this with 1.07 and the XOC bios, same result....very high voltages. Its unreasonable to expect someone to have to set a custom voltage just so they don't hit thermal limits on stock clocks when every bios setting is on default. The Z390 is overshooting the VID values by 125mv...with stock settings.
This is within seconds of starting Prime 95 Small FFT with AVX.
https://imgur.com/YCfEkO7 Same thing without the AVX.
https://imgur.com/ArWMsJt