diff --git a/thanos.yaml b/thanos.yaml
index 71e5711e99d..e48f7f03779 100644
--- a/thanos.yaml
+++ b/thanos.yaml
@@ -1,6 +1,6 @@
 package:
   name: thanos
-  version: 0.34.0
+  version: 0.34.1
   epoch: 0
   description: Highly available Prometheus setup with long term storage capabilities.
   copyright:
@@ -18,7 +18,7 @@ environment:
 pipeline:
   - uses: git-checkout
     with:
-      expected-commit: 18d740f2921ab9dfc4fe5c4650bf21cd6d7a1c64
+      expected-commit: 4cf1559998bf6d8db3f9ca0fde2a00d217d4e23e
       repository: https://github.com/thanos-io/thanos
       tag: v${{package.version}}