diff --git a/platform/mellanox/hw-management.mk b/platform/mellanox/hw-management.mk
index 47863d180dbf..83c7632376f0 100644
--- a/platform/mellanox/hw-management.mk
+++ b/platform/mellanox/hw-management.mk
@@ -1,6 +1,6 @@
 # Mellanox HW Management
 
-MLNX_HW_MANAGEMENT_VERSION = V1.0.0030
+MLNX_HW_MANAGEMENT_VERSION = V1.0.0070
 
 export MLNX_HW_MANAGEMENT_VERSION