Yes but not with epoxy. The heat generated by it going off can melt the styro core.
If you don't want to vac bag a new divinycell layer on (hard) this is the easy way with an
acceptable result:
(1) Drill holes about 8 - 10mm dia about 3" apart, and inject with 2 pac polyurethane (expanding) foam. The stuff in the spraycan at the hardware store is useless, you'll need Erathane GP2 ... not cheap, about $50 but that makes a shtload of foam. It is
really hard when it sets. Avail at fibreglass supply and marine shops.
It starts to go off big time in about 1min so you have to mix, fill syringe and inject before it goes off. If you work fast you can mix up about 60g and inject into 4 or 5 holes in a couple of mins.
Tip: use
one syringe to suck
each part out of the two tins and a third syringe to inject the board. If you coss contaminate you will have a garage full of foam

Wash all the half set stuff off the syringe and mixing bowl with acetone, then mix some more until you've injected all your holes. For that area I estimate about 10 holes needed.
Note: is best to drill two holes and pump the foam in one till it comes out the other. I have never had it spread enough doing it that way (as Eva does) ...as in Aust it is hot and it goes off too quick. I'd do two holes and then the next day see where it is still soft and give each soft spot one hole and a dose of foam.
(2) Then after it has set, cut off excess with a hacksaw blade.
(3) Re drill your holes by hand to a depth of about 2mm ... just enough to expose the outer layer of fibreglass.
(4) Fill each hole with a drop of epoxy and one or two pieces of thin fibreglass. I cut the glas sinto squares about postage stamp size. Poke the glass in carefully with a rounded off piece of dowel, so it will set like a little 'cup' in the hole.
Reason for that is you have fixed your compression problem in the deck but you have removed some strength by drilling thru the glass. You wanna put some glass back there, not just fill the holes with a resin filler.
(5) After all your little cups have set, grind off the excess glass and fill them with epoxy and q-cell filler. IF you are 100% sure there is no holes in them you can use a fibreglass (polyester) type filler like Plastibond or a 2 part auto body filler but only if you are 100% sure it won't go near the styro core of the board. A tiny bit in there will melt it.
I just did an old Starboard Carve like this and she is hard as nails now. I had to do 50 holes over about half the deck

PS if you can't be bothered, I'll have it ;-) Anyone else with soft decks on waveboards they don't want .......?