Thot is an open source software toolkit for statistical machine translation (SMT). Originally, Thot incorporated tools to train phrase-based models. The new version of Thot now includes a state-of-the-art phrase-based translation decoder as well as tools to estimate all of the models involved in the translation process. In addition to this, Thot is also able to incrementally update its models in real time after presenting an individual sentence pair using online learning.