Data center for storage of technological equipment.
Colocation refers to data centers where technological equipment, servers, and other computer hardware are stored. It is renowned for offering bandwidth, power, and physical security for the data it keeps. Because of the ample space available, financial organizations that use colocation need not worry about increasing what they store.
The power and resources that are available to miners in cryptocurrency can be increased, but they must share the space with other miners. Blockchain mining uses a lot of energy, thus colocation is a good solution because it minimizes noise and heat disturbances.