diff --git a/pkgs/applications/misc/electrum/default.nix b/pkgs/applications/misc/electrum/default.nix
index 1b3233a766dc..b32559d8293d 100644
--- a/pkgs/applications/misc/electrum/default.nix
+++ b/pkgs/applications/misc/electrum/default.nix
@@ -23,12 +23,12 @@ let
 in
 python3.pkgs.buildPythonApplication rec {
   pname = "electrum";
-  version = "4.6.2";
+  version = "4.7.0";
   pyproject = true;
 
   src = fetchurl {
     url = "https://download.electrum.org/${version}/Electrum-${version}.tar.gz";
-    hash = "sha256-ZrwzAeeMNrs6KzLGDg5oBF7E+GGLYCVczO6R18TKRuE=";
+    hash = "sha256-1bC437EJWECmO+lmZVXbL2WQwxEIynlVmRJyEfsYLO8=";
   };
 
   build-system = with python3.pkgs; [