Water cooling is typically much more complex and expensive than air cooling, and is mainly attractive because of space limitations. The same applies to data centers. IBM's mainframes have a liquid cooled version mainly targeted towards users wishing to get the most out of their data center space before upgrading sites. These ship without coolant, and simply ask the user to "just add water," i.e. just demineralised/distilled water.
Sure Mainframe ain’t dead, but what about that toilet water? | Aussie Storage Blog - https://aussiestorageblog.wordpress.com/2021/04/07/sure-mainframe-aint-dead-but-what-about-that-toilet-water/