diff --git a/src/gt4py/next/otf/stages.py b/src/gt4py/next/otf/stages.py
index b6816b1cc3..8d02799370 100644
--- a/src/gt4py/next/otf/stages.py
+++ b/src/gt4py/next/otf/stages.py
@@ -14,7 +14,6 @@
 
 from gt4py.eve import utils
 from gt4py.next import common
-from gt4py.next.iterator import ir as itir
 from gt4py.next.otf import code_specs, definitions
 from gt4py.next.otf.binding import interface
 
@@ -36,18 +35,13 @@ def compilation_hash(program_def: definitions.CompilableProgramDef) -> int:
 
 def fingerprint_compilable_program(program_def: definitions.CompilableProgramDef) -> str:
     """
-    Generates a unique hash string for a stencil source program representing
-    the program, sorted offset_provider, and column_axis.
+    Generates a unique hash string for a compilable program representing
+    the program IR and all compile-time arguments.
     """
-    program: itir.Program = program_def.data
-    offset_provider: common.OffsetProvider = program_def.args.offset_provider
-    column_axis: Optional[common.Dimension] = program_def.args.column_axis
-
     program_hash = utils.content_hash(
         (
-            program.fingerprint(),
-            sorted(offset_provider.items(), key=lambda el: el[0]),
-            column_axis,
+            program_def.data.fingerprint(),
+            program_def.args,
         )
     )
 
diff --git a/tests/next_tests/unit_tests/iterator_tests/test_ir.py b/tests/next_tests/unit_tests/iterator_tests/test_ir.py
index 1041ea6a4f..958c5cea3a 100644
--- a/tests/next_tests/unit_tests/iterator_tests/test_ir.py
+++ b/tests/next_tests/unit_tests/iterator_tests/test_ir.py
@@ -9,6 +9,8 @@
 import pytest
 
 from gt4py.next.iterator import ir
+from gt4py.next.otf import arguments, definitions, stages
+from gt4py.next.type_system import type_specifications as ts
 from gt4py import eve
 
 
@@ -50,3 +52,39 @@ def node_maker(fun: str, filename: str):
     node3 = node_maker("f3", "loc1")
     assert node1.fingerprint() == node2.fingerprint()
     assert node1.fingerprint() != node3.fingerprint()
+
+
+def test_different_precisions():
+    program = ir.Program(
+        id="test_program",
+        function_definitions=[],
+        params=[ir.Sym(id="arg")],
+        declarations=[],
+        body=[],
+    )
+
+    compilable_single = definitions.CompilableProgramDef(
+        data=program,
+        args=arguments.CompileTimeArgs(
+            args=(ts.ScalarType(kind=ts.ScalarKind.FLOAT32),),
+            kwargs={},
+            offset_provider={},
+            column_axis=None,
+            argument_descriptor_contexts={},
+        ),
+    )
+    compilable_double = definitions.CompilableProgramDef(
+        data=program,
+        args=arguments.CompileTimeArgs(
+            args=(ts.ScalarType(kind=ts.ScalarKind.FLOAT64),),
+            kwargs={},
+            offset_provider={},
+            column_axis=None,
+            argument_descriptor_contexts={},
+        ),
+    )
+
+    hash_single = stages.fingerprint_compilable_program(compilable_single)
+    hash_double = stages.fingerprint_compilable_program(compilable_double)
+
+    assert hash_single != hash_double