diff --git a/CHANGELOG.md b/CHANGELOG.md
index 7dae19bd9..48b2388de 100644
--- a/CHANGELOG.md
+++ b/CHANGELOG.md
@@ -4,6 +4,17 @@ The format is based on [Keep a Changelog].
 
 [Keep a Changelog]: http://keepachangelog.com/en/1.0.0/
 
+## [v1.2.0] - 2023-11-23
+
+The major changes of this release:
+- Trimming has been reworked such that the staking-miner "pre-trims" the solution instead relying on the remote node to perform the trimming.
+- The default port number in the URI can now be omitted.
+- All dependencies are fetched from crates.io and the staking-miner can now be published on crates.io
+- New prometheus metrics "staking_miner_trim_started" and "staking_miner_trim_success" have been added to monitor the trimming status.
+
+### [Changed]
+- chore: update deps to publish on crates.io ([#715](https://github.com/paritytech/staking-miner-v2/pull/715))
+- refactor(trimming): implement pre-trimming ([#687](https://github.com/paritytech/staking-miner-v2/pull/687))
 
 ## [v1.1.0] - 2023-06-15
 
diff --git a/Cargo.lock b/Cargo.lock
index 30421d130..d502fcb7b 100644
--- a/Cargo.lock
+++ b/Cargo.lock
@@ -5249,7 +5249,7 @@ checksum = "a8f112729512f8e442d81f95a8a7ddf2b7c6b8a1a6f509a95864142b30cab2d3"
 
 [[package]]
 name = "staking-miner"
-version = "1.1.0"
+version = "1.2.0"
 dependencies = [
  "anyhow",
  "assert_cmd",
diff --git a/Cargo.toml b/Cargo.toml
index c1210e13a..32016d83e 100644
--- a/Cargo.toml
+++ b/Cargo.toml
@@ -1,6 +1,6 @@
 [package]
 name = "staking-miner"
-version = "1.1.0"
+version = "1.2.0"
 authors = ["Parity Technologies <admin@parity.io>"]
 edition = "2021"