Yes, but that’s not the only reason. It’s also done to track users; specifically to detect ban evasion and such things. Detecting DDoS attacks or scrapers might also be a purpose. Your instance only gives the first as a purpose, though. EU sites are legally required, per GDPR, to disclose such things.

I don’t know how I should reply to this level of aggressive ignorance and willful disinformation in a way that does not appear arrogant.