Yes, that would make sense. Where I'm from, its a factor of a few things - garage space is a luxury where 99% of us don't have the luxury of one..
Colo spaces will then make sense. But with the recent macro happenings, home electricity pricing isn't working out either..
A month or two ago, some people said that home mining at a rate of 10-12 cents was possible with the most efficient ASIC on the market, which was a Bitmain Antminer S19j Pro. But now, the power cost is half the revenue. Profit is half of what it used to be for that miner.
Now you need at least a Bitmain L7 or Goldshell KD2 for home mining to be viable. The only other option is a GPU rig for altcoins, but even that is not becoming worthwhile for many U.S. households who pay 15-16 cents for power. It's becoming more compelling to just sell the cards and buy the coin, since coin prices are low.
Screws up the mining economics. Plus land prices aren't cheap. There has been an exodus of colo players here, leaving only the most hardcore home miners..