SYM vs. BMNR: Which Technology Services Stock Has an Edge Right Now?

Symbotic SYM and BitMine Immersion BMNR stand out within the Zacks Technology Services industry. Based in Wilmington, MA, Symbotic develops, markets and deploys advanced technology solutions that help streamline and improve supply-chain operations. With these capabilities, SYM has positioned itself as a major force in AI-powered robotics for the supply-chain space.

BitMine, headquartered in Las Vegas, operates as a Bitcoin and Ethereum network company. Ethereum is the world’s second-largest cryptocurrency. BitMine’s strategy centers on accumulating crypto assets for long-term investment.

Against this background, let’s take a closer look at both companies to see which technology services player has the advantage right now — and, more importantly, which could be the better investment at this point.

The Case for SYM

Symbotic’s substantial backlog provides strong visibility for future revenue generation. We remain optimistic about the company’s margin expansion prospects, supported by the ongoing deployment of its systems. As a leading provider of intelligent warehouse robotics solutions, Symbotic continues to benefit from increasing adoption in the supply-chain industry.

In the fourth quarter of fiscal 2025, Symbotic reported a backlog of $22.5 billion, up sequentially owing to project pricing and the addition of Medline. Driven by ongoing expansion in SYM’s operational systems, software revenues rose 57% year over year to $9.3 million in the fiscal fourth quarter, while operations services revenues increased 21% to $26.9 million.

Revenues increased significantly year over year, and we anticipate continued top-line expansion driven by the conversion of this significant backlog. For the first quarter of fiscal 2026, Symbotic projects revenues in the range of $610-$630 million, reflecting year-over-year growth in the 25-29% band and adjusted EBITDA between $49 million and $53 million.

Moreover, the company delivered a positive earnings surprise in the fiscal fourth quarter. Symbotic’s earnings surprise track record is mixed — over the past four quarters, it exceeded the Zacks Consensus Estimate twice and missed twice, resulting in an average surprise of more than 69%.

The Case for BitMine

BitMine is currently the world’s largest corporate treasury holder of Ethereum (“ETH”). Earlier this year, the company pivoted from its legacy business as a Bitcoin mining operator to focus on building the biggest Ethereum treasury globally.

BMNR is chaired by Wall Street veteran Thomas Lee, co-founder of research advisory firm Fundstrat, who took over as chairman earlier this year. More recently, the company named Chi Tsang as its new chief executive officer and added him to the board.

BitMine is also benefiting from the ongoing stablecoin wave. Stablecoins are a category of cryptocurrency designed to maintain a fixed value by being pegged to an underlying asset such as the U.S. dollar. They enable faster, lower-cost transactions, 24/7 functionality and easy cross-border use. Because their prices are relatively stable, they help connect crypto markets with traditional finance.

To support its strategic shift, BitMine completed an initial $250 million PIPE private placement earlier this year. Along with additional fundraising, the proceeds were used to buy substantial amounts of Ethereum.

BitMine has significantly grown its ETH treasury, holding 3.73 million ETH tokens, with combined crypto and cash assets exceeding $12 billion, per a recent release by management. Chairman Lee noted that the company ultimately aims to accumulate 5% of the total ETH supply — a bold ambition that underscores its confidence in the long-term value of Ethereum and the broader digital asset economy.

The company currently owns more than 3% of the ETH token supply, reflecting that it is two-thirds of the way to securing the objective. By securing an expanding share of the ETH supply, the company aims to help institutionalize capital and real-world assets on-chain, positioning itself to create long-term value as the digital asset revolution accelerates. Recently, BMNR acquired 96,798 ETH tokens to boost its Ethereum holdings. As of Nov. 30, BMNR’s crypto holdings included 3,726,499 ETH at $3,008 per ETH, 192 Bitcoin, $36 million stake in Eightco Holdings, apart from unencumbered cash of $800 million.

Underscoring its shareholder-friendly stance, BitMine recently became the first large-cap crypto firm to announce an annual dividend. Earlier this month, BitMine declared a yearly dividend of $0.01 per share, payable on Dec. 29, 2025, to its shareholders of record as of Dec. 8.

BMNR’s Superior Price Performance

Driven by efforts to actively increase its Ethereum holdings, BMNR’s shares have skyrocketed in excess of 380% over the past six months, which is better than the impressive 102.9% surge in SYM’s shares.

6-Month Price Comparison

End Note

BMNR is being well-served by its efforts to boost Ethereum holdings. The rise of stablecoins in the digital asset ecosystem is also aiding the company. BitMine’s pro-shareholder stance is commendable as well. Moreover, BMNR outperforms SYM in terms of price performance.

The Wall Street average target price of $53.5 for BMNR stock suggests an upside of more than 58% from current levels.

Moreover, the Federal Reserve's recent decision to end its Quantitative Tightening program and inject liquidity into the market is widely expected to provide an upward boost to ETH prices.

Based on our write-up, we can safely conclude that BitMine emerges as the winner and a stronger contender in this technology services face-off. While BitMine currently has a Zacks Rank #3 (Hold), Symbotic carries a Zacks Rank #4 (Sell).

You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.

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This article originally published on Zacks Investment Research (zacks.com).

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