diff --git a/nixos/tests/minio.nix b/nixos/tests/minio.nix
index ece4864f771c..67eb0cd88440 100644
--- a/nixos/tests/minio.nix
+++ b/nixos/tests/minio.nix
@@ -43,17 +43,17 @@ import ./make-test-python.nix ({ pkgs, ... }:
 
         # Minio requires at least 1GiB of free disk space to run.
         virtualisation.diskSize = 4 * 1024;
+
+        # Minio pre allocates 2GiB or memory, reserve some more
+        virtualisation.memorySize = 4096;
       };
     };
 
     testScript = ''
-      import time
 
       start_all()
       # simulate manually editing root credentials file
       machine.wait_for_unit("multi-user.target")
-      machine.copy_from_host("${credsPartial}", "${rootCredentialsFile}")
-      time.sleep(3)
       machine.copy_from_host("${credsFull}", "${rootCredentialsFile}")
 
       machine.wait_for_unit("minio.service")
diff --git a/pkgs/servers/minio/default.nix b/pkgs/servers/minio/default.nix
index 2936aa6a8736..3fb9ecc28f38 100644
--- a/pkgs/servers/minio/default.nix
+++ b/pkgs/servers/minio/default.nix
@@ -21,13 +21,13 @@ let
 in
 buildGoModule rec {
   pname = "minio";
-  version = "2024-02-24T17-11-14Z";
+  version = "2024-02-26T09-33-48Z";
 
   src = fetchFromGitHub {
     owner = "minio";
     repo = "minio";
     rev = "RELEASE.${version}";
-    hash = "sha256-LD32cNKvW0mfYeXHNOqgiWXAiHjWJrorRqbQkosjaNE=";
+    hash = "sha256-V5Pmp36YA0u1Z2SBNdJZAHQuA3PgVKHmIJlDElhS24s=";
   };
 
   vendorHash = "sha256-0EymK7jQhr+NJDg1zgWpcniV5zZ33Av6zpq0IDuWw7M=";