Why is labs so expensive?

Could you elaborate on the reasons behind the high cost of cryptocurrency and financial laboratories? As an industry expert, I'm curious to understand the factors that contribute to these seemingly significant expenses. Is it the cost of cutting-edge equipment, specialized software, or perhaps the need for highly skilled personnel? Or could it be a combination of these factors, along with the strict regulatory requirements that must be adhered to in order to operate in this field? I'm interested in hearing your take on this, and how these costs ultimately impact the services and research produced by these labs.