diff --git a/pkgs/development/compilers/rust/bootstrap.nix b/pkgs/development/compilers/rust/bootstrap.nix
index 4f16912a86b5..f0413f194135 100644
--- a/pkgs/development/compilers/rust/bootstrap.nix
+++ b/pkgs/development/compilers/rust/bootstrap.nix
@@ -3,16 +3,16 @@
 let
   # Note: the version MUST be one version prior to the version we're
   # building
-  version = "1.30.0";
+  version = "1.30.1";
 
   # fetch hashes by running `print-hashes.sh 1.30.0`
   hashes = {
-    i686-unknown-linux-gnu = "4ceb0e3011d96504587abb7edfdea9c1b4b7cb2c4488cc4a25adc2f3b6a88b21";
-    x86_64-unknown-linux-gnu = "f620e3125cc505c842150bd873c0603432b6cee984cdae8b226cf92c8aa1a80f";
-    armv7-unknown-linux-gnueabihf = "63991f6769ca8db693562c34ac25473e9d4f9f214d6ee98917891be469d69cfd";
-    aarch64-unknown-linux-gnu = "9690c7c50eba5a8461184ee4138b4c284bad31ccc4aa1f2ddeec58b253e6363e";
-    i686-apple-darwin = "b8e5ac31f0a192a58b0e98ff88c47035a2882598946352fa5a86c28ede079230";
-    x86_64-apple-darwin = "07008d90932712282bc599f1e9a226e97879c758dc1f935e6e2675e45694cc1b";
+    i686-unknown-linux-gnu = "c61655977fb16decf0ceb76043b9ae2190927aa9cc24f013d444384dcab99bbf";
+    x86_64-unknown-linux-gnu = "a01a493ed8946fc1c15f63e74fc53299b26ebf705938b4d04a388a746dfdbf9e";
+    armv7-unknown-linux-gnueabihf = "9b3b6df02a2a92757e4993a7357fdd02e07b60101a748b4618e6ae1b90bc1b6b";
+    aarch64-unknown-linux-gnu = "6d87d81561285abd6c1987e07b60b2d723936f037c4b46eedcc12e8566fd3874";
+    i686-apple-darwin = "a7c14b18e96406d9f43d69d0f984b2fa6f92cc7b7b37e2bb7b70b6f44b02b083";
+    x86_64-apple-darwin = "3ba1704a7defe3d9a6f0c1f68792c084da83bcba85e936d597bac0c019914b94";
   };
 
   platform =
diff --git a/pkgs/development/compilers/rust/default.nix b/pkgs/development/compilers/rust/default.nix
index 583b48e6dc60..1f24157eea42 100644
--- a/pkgs/development/compilers/rust/default.nix
+++ b/pkgs/development/compilers/rust/default.nix
@@ -7,11 +7,11 @@
 
 let
   rustPlatform = recurseIntoAttrs (makeRustPlatform (callPackage ./bootstrap.nix {}));
-  version = "1.30.1";
-  cargoVersion = "1.30.0";
+  version = "1.31.0";
+  cargoVersion = "1.31.0";
   src = fetchurl {
     url = "https://static.rust-lang.org/dist/rustc-${version}-src.tar.gz";
-    sha256 = "0aavdc1lqv0cjzbqwl5n59yd0bqdlhn0zas61ljf38yrvc18k8rn";
+    sha256 = "01pg2619bwjnhjbphryrbkwaz0lw8cfffm4xlz35znzipb04vmcs";
   };
 in rec {
   rustc = callPackage ./rustc.nix {