diff --git a/pkgs/development/tools/hcloud/default.nix b/pkgs/development/tools/hcloud/default.nix
index f1b4d09a8791..f92a698f7356 100644
--- a/pkgs/development/tools/hcloud/default.nix
+++ b/pkgs/development/tools/hcloud/default.nix
@@ -6,16 +6,16 @@
 
 buildGoModule rec {
   pname = "hcloud";
-  version = "1.37.0";
+  version = "1.38.3";
 
   src = fetchFromGitHub {
     owner = "hetznercloud";
     repo = "cli";
     rev = "refs/tags/v${version}";
-    hash = "sha256-6UQaO2ArAYd6Lr1maciC83k1GlR8FLx+acAZh6SjI3g=";
+    hash = "sha256-argcQvt4875TNOX5P5sOF41u6GcFq79gnH41To73foM=";
   };
 
-  vendorHash = "sha256-mxAG3o3IY70xn8WymUzF96Q2XWwQ0efWrrw1VV4Y8HU=";
+  vendorHash = "sha256-RXojFeT80oroBSweyb0eYo+LC/JTi1F3LmQ10XpnEXA=";
 
   ldflags = [
     "-s"