I don't know what storage medium that refers to. Plain old 3.5" floppies only went up to 1.44 MB.
(Still sore Apple did not stick to the 1kB = 1000 bytes of the original MacOS and gave in to the "powers of two" insanity ;-)
Actually, Apple switched back to 1kb = 1000 bytes ("back" assuming you're right about the original MacOS) with Snow Leopard back in 2009. [1]
[1] https://blog.macsales.com/1852-snow-leopard-changes-they-way...
I'm not entirely sure how well they were supported under Windows though.
http://appletimewarp.libsyn.com/apple-time-warp-podcast-epis...
That 'scene' is also full of drama and very insular. Donate to IA to help them build better infrastructure and better search. But donating because they host old abandoned DOS games I would not call a good reason, and misplaced. Because the people doing the majority of the work are doing it because they like it, not money. IA does have some work around that such as getting dosbox and mame running in a browser. Just be clear on what you are donating to.
And on that train of thought, I just had a little flashback about storage sizes. There was some time when 3.14 MB was a big unit of measurement, and some 50MB drive was huge. The classical example: Monkey Island, Indiana Jones or Day of the Tentacle on ~12 floppy disks. But you had to choose which 1 or 2 to install because you didn't have enough space on your hard drive, or you had to swap disks every few screens :)
Or, they are archiving a lot of video playthroughs in the lets-play style from video sites, in case those sites go through a meltdown like viddler does.
I guess I'm rambling. Point is: This isn't just a storage dump. There are also interesting projects around the internet archive to make the old things accessible on new systems. Very worthwhile donating to.