diff --git a/hack/flakes/flake.lock b/hack/flakes/flake.lock
index cbc81c895..0a801e9cd 100644
--- a/hack/flakes/flake.lock
+++ b/hack/flakes/flake.lock
@@ -5,11 +5,11 @@
         "systems": "systems"
       },
       "locked": {
-        "lastModified": 1705309234,
-        "narHash": "sha256-uNRRNRKmJyCRC/8y1RqBkqWBLM034y4qN7EprSdmgyA=",
+        "lastModified": 1709126324,
+        "narHash": "sha256-q6EQdSeUZOG26WelxqkmR7kArjgWCdw5sfJVHPH/7j8=",
         "owner": "numtide",
         "repo": "flake-utils",
-        "rev": "1ef2e671c3b0c19053962c07dbda38332dcebf26",
+        "rev": "d465f4819400de7c8d874d50b982301f28a84605",
         "type": "github"
       },
       "original": {
@@ -20,11 +20,11 @@
     },
     "nixpkgs": {
       "locked": {
-        "lastModified": 1708847675,
-        "narHash": "sha256-RUZ7KEs/a4EzRELYDGnRB6i7M1Izii3JD/LyzH0c6Tg=",
+        "lastModified": 1709386671,
+        "narHash": "sha256-VPqfBnIJ+cfa78pd4Y5Cr6sOWVW8GYHRVucxJGmRf8Q=",
         "owner": "NixOS",
         "repo": "nixpkgs",
-        "rev": "2a34566b67bef34c551f204063faeecc444ae9da",
+        "rev": "fa9a51752f1b5de583ad5213eb621be071806663",
         "type": "github"
       },
       "original": {
diff --git a/hack/flakes/flake.nix b/hack/flakes/flake.nix
index a73f6d28e..5864ffa50 100644
--- a/hack/flakes/flake.nix
+++ b/hack/flakes/flake.nix
@@ -57,19 +57,29 @@
             ldflags = [ "-s" "-w" ];
           };
 
-          clusterawsadm = buildGo120Module rec {
+          clusterawsadm = buildGo122Module rec {
             name = "clusterawsadm";
-            version = "2.3.1";
+            version = "2.4.0";
             src = fetchFromGitHub {
               owner = "kubernetes-sigs";
               repo = "cluster-api-provider-aws";
               rev = "v${version}";
-              hash = "sha256-5SWi23h7Wvkbha2RTE8gMec7sKnHVTrbtTwF646Mml0=";
+              hash = "sha256-va11PBwLh0IcMV4kvXqxAOr9owezYdqvoenIaJPWsDo=";
             };
             doCheck = false;
             subPackages = [ "cmd/clusterawsadm" ];
-            vendorHash = "sha256-1osn61l9f6lGiDSnvFZJbFXD4dxWKB6qH2ETop9hQRU=";
-            ldflags = [ "-s" "-w" ];
+            vendorHash = "sha256-YoIeRVYnQHG9dYGlSmLsDY1ACbAlXB1t063UFhaJG1w=";
+            ldflags = [
+              "-s"
+              "-w"
+              "-X" "sigs.k8s.io/cluster-api-provider-aws/v2/version.gitVersion=v${version}"
+              "-X" "sigs.k8s.io/cluster-api-provider-aws/v2/version.gitCommit=v${version}"
+              "-X" "sigs.k8s.io/cluster-api-provider-aws/v2/version.gitReleaseCommit=v${version}"
+              "-X" "sigs.k8s.io/cluster-api-provider-aws/v2/version.gitMajor=${lib.versions.major version}"
+              "-X" "sigs.k8s.io/cluster-api-provider-aws/v2/version.gitMinor=${lib.versions.minor version}"
+              "-X" "sigs.k8s.io/cluster-api-provider-aws/v2/version.buildDate=19700101-00:00:00"
+              "-X" "sigs.k8s.io/cluster-api-provider-aws/v2/version.gitTreeState=clean"
+            ];
           };
         };