diff --git a/pkgs/development/tools/mold/default.nix b/pkgs/development/tools/mold/default.nix
index 63a2fd581269..1d4a64d4467e 100644
--- a/pkgs/development/tools/mold/default.nix
+++ b/pkgs/development/tools/mold/default.nix
@@ -1,48 +1,54 @@
-{ stdenv
+{ lib
+, stdenv
 , fetchFromGitHub
-, lib
-, autoPatchelfHook
 , cmake
-, llvmPackages_latest
-, xxHash
-, zlib
+, mimalloc
+, ninja
 , openssl
-, nix-update-script
+, zlib
+, testers
+, mold
 }:
 
 stdenv.mkDerivation rec {
   pname = "mold";
-  version = "1.4.0";
+  version = "1.4.2";
 
   src = fetchFromGitHub {
     owner = "rui314";
     repo = pname;
     rev = "v${version}";
-    sha256 = "sha256-d1rSmDPiVHpYbDPWQKkDhcJJklKlM1+vGdzvjICTT14=";
+    hash = "sha256-omi4vx8KDpgZ/y3MvE5c/9MxSLXIA4IHJAMue3XpfD8=";
   };
 
-  buildInputs = [ zlib openssl ];
-  nativeBuildInputs = [ autoPatchelfHook cmake xxHash ];
+  nativeBuildInputs = [ cmake ninja ];
 
-  enableParallelBuilding = true;
-  dontUseCmakeConfigure = true;
-  EXTRA_LDFLAGS = "-fuse-ld=${llvmPackages_latest.lld}/bin/ld.lld";
-  LTO = 1;
-  makeFlags = [ "PREFIX=${placeholder "out"}" ];
+  buildInputs = [ openssl zlib ]
+    ++ lib.optionals (!stdenv.isDarwin) [ mimalloc ];
 
-  passthru = {
-    updateScript = nix-update-script {
-      attrPath = pname;
-    };
-  };
+  postPatch = ''
+    sed -i CMakeLists.txt -e '/.*set(DEST\ .*/d'
+  '';
+
+  cmakeFlags = [ "-DMOLD_USE_SYSTEM_MIMALLOC:BOOL=ON" ];
+
+  NIX_CFLAGS_COMPILE = lib.optionals stdenv.isDarwin [ "-faligned-allocation" ];
+
+  passthru.tests.version = testers.testVersion { package = mold; };
 
   meta = with lib; {
-    description = "A high performance drop-in replacement for existing unix linkers";
+    description = "A faster drop-in replacement for existing Unix linkers";
+    longDescription = ''
+      mold is a faster drop-in replacement for existing Unix linkers. It is
+      several times faster than the LLVM lld linker. mold is designed to
+      increase developer productivity by reducing build time, especially in
+      rapid debug-edit-rebuild cycles.
+    '';
     homepage = "https://github.com/rui314/mold";
-    license = lib.licenses.agpl3Plus;
-    maintainers = with maintainers; [ nitsky ];
+    license = licenses.agpl3Plus;
+    maintainers = with maintainers; [ azahi nitsky ];
     platforms = platforms.unix;
-    # error: aligned deallocation function of type 'void (void *, std::align_val_t) noexcept' is only available on macOS 10.14 or newer
-    broken = stdenv.isAarch64 || stdenv.isDarwin;
+    # https://github.com/NixOS/nixpkgs/pull/189712#issuecomment-1237791234
+    broken = (stdenv.isLinux && stdenv.isAarch64);
   };
 }
diff --git a/pkgs/top-level/all-packages.nix b/pkgs/top-level/all-packages.nix
index 37c22405eb3e..f13d8e8bf115 100644
--- a/pkgs/top-level/all-packages.nix
+++ b/pkgs/top-level/all-packages.nix
@@ -16879,7 +16879,7 @@ with pkgs;
   modd = callPackage ../development/tools/modd { };
 
   mold = callPackage ../development/tools/mold {
-    stdenv = llvmPackages_latest.stdenv;
+    inherit (llvmPackages) stdenv;
   };
 
   msgpack-tools = callPackage ../development/tools/msgpack-tools { };