diff --git a/bucket/mingw-winlibs.json b/bucket/mingw-winlibs.json
index bee4c7f0d7..73bf119e62 100644
--- a/bucket/mingw-winlibs.json
+++ b/bucket/mingw-winlibs.json
@@ -1,17 +1,17 @@
 {
-    "version": "11.2.0-10.0.0-r1",
+    "version": "12.1.0-10.0.0-r1",
     "description": "GNU Compiler Collection (WinLibs build)",
     "homepage": "https://winlibs.com",
     "license": "GPL-3.0-or-later,ZPL-2.1,BSD-2-Clause,...",
     "architecture": {
         "64bit": {
-            "url": "https://github.com/brechtsanders/winlibs_mingw/releases/download/11.2.0-10.0.0-msvcrt-r1/winlibs-x86_64-posix-seh-gcc-11.2.0-mingw-w64msvcrt-10.0.0-r1.7z",
-            "hash": "sha512:2997e0a7e2e8b661e6144cc4807c867f3e225d9c4e77de62215dda7ec646fdb8026851abbb3eab23e2e701f511ce33449bf468d0b007b8825d609f5798dad355",
+            "url": "https://github.com/brechtsanders/winlibs_mingw/releases/download/12.1.0-10.0.0-msvcrt-r1/winlibs-x86_64-posix-seh-gcc-12.1.0-mingw-w64msvcrt-10.0.0-r1.7z",
+            "hash": "sha512:6bf7adf1016bbfdda62e6081d758a302812d79041fc5eea02ec674f095c29804dca072d0521db4a976232f8c0dd14a47e384663fdc14aefac5e1d2d2789e4588",
             "extract_dir": "mingw64"
         },
         "32bit": {
-            "url": "https://github.com/brechtsanders/winlibs_mingw/releases/download/11.2.0-10.0.0-msvcrt-r1/winlibs-i686-posix-dwarf-gcc-11.2.0-mingw-w64msvcrt-10.0.0-r1.7z",
-            "hash": "sha512:97340cb58a85cfcf613a4d95e450777dcd947b8c0ed693211f03aa5566c1887433ddfa9e79d25d948f134f08c1a0b6994f77a6e5cffeeafd63e485662bc85d89",
+            "url": "https://github.com/brechtsanders/winlibs_mingw/releases/download/12.1.0-10.0.0-msvcrt-r1/winlibs-i686-posix-dwarf-gcc-12.1.0-mingw-w64msvcrt-10.0.0-r1.7z",
+            "hash": "sha512:b3ed20a680a959e9e7924308bf23412861baa2691335f055bff69ab7d17490fcd218f04a1cfca412196c0b849a25a0a28166eae7fff641bcebaa8a15b0ffa627",
             "extract_dir": "mingw32"
         }
     },