Questions on Dedicated Server

So a group of freinds and I are attempting to do a valheim playthrough. Some of the players have very old gaming laptops (oldest one is 2016 I think?), and because of this they have been struggling to run valhiem without vissual lag even after turning down their graphics.

I have the best computer in the group by far so I wanted to try and find a solution that would take some of the load off their pc. Originally I tried to host a non dedicated server but me hosting didn't seem to change much if at all. I looked into it and it seems that when hosting a valhiem server, valhiem doesn't use server side hosting meaning the resources are shared across players.

So my question is does valheim dedicated server do server side hosting? If it doesn't, is there a way to change that? If not, is there another way to reduce the load on other players PCs?