What does this strange IP address mean, and how can I determine geo location?

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I'm sure this is pretty basic but I'm stumped. I have numerous user transactions on my website which show IP addresses in an odd format which I do not understand, for example (some digits changed to protect the innocent):

2506:a000:8386:1500:e9a5:77b1:355e:7a5

Any insight into why I would see an IP address in such a format, what it means, and if/how I can convert it to a "normal" IP address and determine a geo location for it?

Thanks in advance!

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