diff --git a/pkgs/development/python-modules/mlx-lm/default.nix b/pkgs/development/python-modules/mlx-lm/default.nix
index 468fad747d7f..f46a8786a06d 100644
--- a/pkgs/development/python-modules/mlx-lm/default.nix
+++ b/pkgs/development/python-modules/mlx-lm/default.nix
@@ -24,14 +24,14 @@
 
 buildPythonPackage (finalAttrs: {
   pname = "mlx-lm";
-  version = "0.31.0";
+  version = "0.31.1";
   pyproject = true;
 
   src = fetchFromGitHub {
     owner = "ml-explore";
     repo = "mlx-lm";
     tag = "v${finalAttrs.version}";
-    hash = "sha256-1YZt2HtHyhP4h3WOcSytbN0sN2x58OYAmQtoxisNt1o=";
+    hash = "sha256-5KGXLpzGEmyay6HvEM8qOe5zUmFRo1VbZKzOQvfr7Sk=";
   };
 
   build-system = [