diff --git a/.zenodo.json b/.zenodo.json
index 80f524dcab..49b8370f14 100644
--- a/.zenodo.json
+++ b/.zenodo.json
@@ -1,8 +1,8 @@
 {
     "description": "pure-Python HistFactory implementation with tensors and autodiff",
     "license": "Apache-2.0",
-    "title": "scikit-hep/pyhf: v0.6.3",
-    "version": "v0.6.3",
+    "title": "scikit-hep/pyhf: v0.7.0rc1",
+    "version": "v0.7.0rc1",
     "upload_type": "software",
     "creators": [
         {
@@ -36,7 +36,7 @@
     "related_identifiers": [
         {
             "scheme": "url",
-            "identifier": "https://github.com/scikit-hep/pyhf/tree/v0.6.3",
+            "identifier": "https://github.com/scikit-hep/pyhf/tree/v0.7.0rc1",
             "relation": "isSupplementTo"
         }
     ]
diff --git a/CITATION.cff b/CITATION.cff
index 8f217482db..e286e10d28 100644
--- a/CITATION.cff
+++ b/CITATION.cff
@@ -14,11 +14,11 @@ authors:
   given-names: "Giordon"
   orcid: "https://orcid.org/0000-0001-6616-3433"
   affiliation: "SCIPP, University of California, Santa Cruz"
-title: "pyhf: v0.6.3"
-version: 0.6.3
+title: "pyhf: v0.7.0rc1"
+version: 0.7.0rc1
 doi: 10.5281/zenodo.1169739
-repository-code: "https://github.com/scikit-hep/pyhf/releases/tag/v0.6.3"
-url: "https://pyhf.readthedocs.io/en/v0.6.3/"
+repository-code: "https://github.com/scikit-hep/pyhf/releases/tag/v0.7.0rc1"
+url: "https://pyhf.readthedocs.io/en/v0.7.0rc1/"
 keywords:
   - python
   - physics
diff --git a/README.rst b/README.rst
index f15ea7da05..89fb602349 100644
--- a/README.rst
+++ b/README.rst
@@ -309,11 +309,11 @@ the preferred BibTeX entry for citation of ``pyhf`` includes both the
 
    @software{pyhf,
      author = {Lukas Heinrich and Matthew Feickert and Giordon Stark},
-     title = "{pyhf: v0.6.3}",
-     version = {0.6.3},
+     title = "{pyhf: v0.7.0rc1}",
+     version = {0.7.0rc1},
      doi = {10.5281/zenodo.1169739},
      url = {https://doi.org/10.5281/zenodo.1169739},
-     note = {https://github.com/scikit-hep/pyhf/releases/tag/v0.6.3}
+     note = {https://github.com/scikit-hep/pyhf/releases/tag/v0.7.0rc1}
    }
 
    @article{pyhf_joss,
@@ -360,7 +360,7 @@ and grant `OAC-1450377 <https://www.nsf.gov/awardsearch/showAward?AWD_ID=1450377
    :target: https://scikit-hep.org/
 .. |NSF Award Number| image:: https://img.shields.io/badge/NSF-1836650-blue.svg
    :target: https://nsf.gov/awardsearch/showAward?AWD_ID=1836650
-.. |Docs from latest| image:: https://img.shields.io/badge/docs-v0.6.3-blue.svg
+.. |Docs from latest| image:: https://img.shields.io/badge/docs-v0.7.0rc1-blue.svg
    :target: https://pyhf.readthedocs.io/
 .. |Docs from master| image:: https://img.shields.io/badge/docs-master-blue.svg
    :target: https://scikit-hep.github.io/pyhf
@@ -375,7 +375,7 @@ and grant `OAC-1450377 <https://www.nsf.gov/awardsearch/showAward?AWD_ID=1450377
    :target: https://github.com/conda-forge/pyhf-feedstock
 .. |Supported Python versions| image:: https://img.shields.io/pypi/pyversions/pyhf.svg
    :target: https://pypi.org/project/pyhf/
-.. |Docker Hub pyhf| image:: https://img.shields.io/badge/pyhf-v0.6.3-blue?logo=Docker
+.. |Docker Hub pyhf| image:: https://img.shields.io/badge/pyhf-v0.7.0rc1-blue?logo=Docker
    :target: https://hub.docker.com/r/pyhf/pyhf/tags
 .. |Docker Hub pyhf CUDA| image:: https://img.shields.io/badge/pyhf-CUDA-blue?logo=Docker
    :target: https://hub.docker.com/r/pyhf/cuda/tags
diff --git a/codemeta.json b/codemeta.json
index 68cf4f1121..ee43a9a5e0 100644
--- a/codemeta.json
+++ b/codemeta.json
@@ -6,7 +6,7 @@
     "@type": "SoftwareSourceCode",
     "identifier": "pyhf",
     "name": "pyhf",
-    "version": "0.6.3",
+    "version": "0.7.0rc1",
     "description": "pure-Python HistFactory implementation with tensors and autodiff",
     "license": "Apache, OSI Approved :: Apache Software License",
     "author": [
diff --git a/docs/generate_jupyterlite_iframe.py b/docs/generate_jupyterlite_iframe.py
index 28a24e5169..fd7b76c962 100644
--- a/docs/generate_jupyterlite_iframe.py
+++ b/docs/generate_jupyterlite_iframe.py
@@ -4,7 +4,7 @@
 def main():
     code = """\
 import piplite
-await piplite.install(["pyhf==0.6.3", "requests"])
+await piplite.install(["pyhf==0.7.0rc1", "requests"])
 %matplotlib inline
 import pyhf\
 """
diff --git a/docs/jupyterlite.rst b/docs/jupyterlite.rst
index a8fb297ea2..eeb6103174 100644
--- a/docs/jupyterlite.rst
+++ b/docs/jupyterlite.rst
@@ -21,7 +21,7 @@ Try out now with JupyterLite_
 .. raw:: html
 
    <iframe
-      src="https://jupyterlite.github.io/demo/repl/index.html?kernel=python&toolbar=1&code=import%20piplite%0Aawait%20piplite.install%28%5B%22pyhf%3D%3D0.6.3%22%2C%20%22requests%22%5D%29%0A%25matplotlib%20inline%0Aimport%20pyhf"
+      src="https://jupyterlite.github.io/demo/repl/index.html?kernel=python&toolbar=1&code=import%20piplite%0Aawait%20piplite.install%28%5B%22pyhf%3D%3D0.7.0rc1%22%2C%20%22requests%22%5D%29%0A%25matplotlib%20inline%0Aimport%20pyhf"
       width="100%"
       height="500px"
    ></iframe>
diff --git a/src/pyhf/data/citation.bib b/src/pyhf/data/citation.bib
index 8bcc0d9847..5776f4188e 100644
--- a/src/pyhf/data/citation.bib
+++ b/src/pyhf/data/citation.bib
@@ -1,10 +1,10 @@
 @software{pyhf,
   author = {Lukas Heinrich and Matthew Feickert and Giordon Stark},
-  title = "{pyhf: v0.6.3}",
-  version = {0.6.3},
+  title = "{pyhf: v0.7.0rc1}",
+  version = {0.7.0rc1},
   doi = {10.5281/zenodo.1169739},
   url = {https://doi.org/10.5281/zenodo.1169739},
-  note = {https://github.com/scikit-hep/pyhf/releases/tag/v0.6.3}
+  note = {https://github.com/scikit-hep/pyhf/releases/tag/v0.7.0rc1}
 }
 
 @article{pyhf_joss,
diff --git a/src/pyhf/utils.py b/src/pyhf/utils.py
index 01c20e9275..dd5a5ca14d 100644
--- a/src/pyhf/utils.py
+++ b/src/pyhf/utils.py
@@ -92,7 +92,7 @@ def citation(oneline=False):
 
         >>> import pyhf
         >>> pyhf.utils.citation(oneline=True)
-        '@software{pyhf,  author = {Lukas Heinrich and Matthew Feickert and Giordon Stark},  title = "{pyhf: v0.6.3}",  version = {0.6.3},  doi = {10.5281/zenodo.1169739},  url = {https://doi.org/10.5281/zenodo.1169739},  note = {https://github.com/scikit-hep/pyhf/releases/tag/v0.6.3}}@article{pyhf_joss,  doi = {10.21105/joss.02823},  url = {https://doi.org/10.21105/joss.02823},  year = {2021},  publisher = {The Open Journal},  volume = {6},  number = {58},  pages = {2823},  author = {Lukas Heinrich and Matthew Feickert and Giordon Stark and Kyle Cranmer},  title = {pyhf: pure-Python implementation of HistFactory statistical models},  journal = {Journal of Open Source Software}}'
+        '@software{pyhf,  author = {Lukas Heinrich and Matthew Feickert and Giordon Stark},  title = "{pyhf: v0.7.0rc1}",  version = {0.7.0rc1},  doi = {10.5281/zenodo.1169739},  url = {https://doi.org/10.5281/zenodo.1169739},  note = {https://github.com/scikit-hep/pyhf/releases/tag/v0.7.0rc1}}@article{pyhf_joss,  doi = {10.21105/joss.02823},  url = {https://doi.org/10.21105/joss.02823},  year = {2021},  publisher = {The Open Journal},  volume = {6},  number = {58},  pages = {2823},  author = {Lukas Heinrich and Matthew Feickert and Giordon Stark and Kyle Cranmer},  title = {pyhf: pure-Python implementation of HistFactory statistical models},  journal = {Journal of Open Source Software}}'
 
     Keyword Args:
         oneline (:obj:`bool`): Whether to provide citation with new lines (default) or as a one-liner.
diff --git a/tbump.toml b/tbump.toml
index eb709169ac..d4999e2bf3 100644
--- a/tbump.toml
+++ b/tbump.toml
@@ -1,7 +1,7 @@
 github_url = "https://github.com/scikit-hep/pyhf/"
 
 [version]
-current = "0.6.3"
+current = "0.7.0rc1"
 
 # Example of a semver regexp.
 # Make sure this matches current_version before
@@ -19,7 +19,7 @@ regex = '''
 
 [git]
 # The current version will get updated when tbump is run
-message_template = "Bump version: 0.6.3 → {new_version}"
+message_template = "Bump version: 0.7.0rc1 → {new_version}"
 tag_template = "v{new_version}"
 
 # For each file to patch, add a [[file]] config