diff --git a/pkgs/development/python-modules/opt-einsum/default.nix b/pkgs/development/python-modules/opt-einsum/default.nix
index 801c1b49841a..131d11d310c4 100644
--- a/pkgs/development/python-modules/opt-einsum/default.nix
+++ b/pkgs/development/python-modules/opt-einsum/default.nix
@@ -1,39 +1,35 @@
 {
   lib,
   buildPythonPackage,
-  fetchpatch,
   fetchPypi,
-  setuptools,
+  hatch-fancy-pypi-readme,
+  hatch-vcs,
+  hatchling,
   numpy,
   pytestCheckHook,
   pythonOlder,
 }:
 
 buildPythonPackage rec {
-  version = "3.3.0";
+  version = "3.4.0";
   pname = "opt-einsum";
   pyproject = true;
 
-  disabled = pythonOlder "3.6";
+  disabled = pythonOlder "3.8";
 
   src = fetchPypi {
     pname = "opt_einsum";
     inherit version;
-    hash = "sha256-WfZHX3e7w33PfNdIUZwOxgci6R5jyhFOaIIcDFSkZUk=";
+    hash = "sha256-lspy8biG0UgkE0h4NJgZTFd/owqPqsEIWGsU8bpEc6w=";
   };
 
-  patches = [
-    # https://github.com/dgasmith/opt_einsum/pull/208
-    (fetchpatch {
-      name = "python312-compatibility.patch";
-      url = "https://github.com/dgasmith/opt_einsum/commit/0beacf96923bbb2dd1939a9c59398a38ce7a11b1.patch";
-      hash = "sha256-dmmEzhy17huclo1wOubpBUDc2L7vqEU5b/6a5loM47A=";
-    })
+  build-system = [
+    hatch-fancy-pypi-readme
+    hatch-vcs
+    hatchling
   ];
 
-  nativeBuildInputs = [ setuptools ];
-
-  propagatedBuildInputs = [ numpy ];
+  dependencies = [ numpy ];
 
   nativeCheckInputs = [ pytestCheckHook ];