diff --git a/Makefile b/Makefile
index 7247c7dd11a..a9edba88517 100644
--- a/Makefile
+++ b/Makefile
@@ -3,7 +3,7 @@
 # To re-generate a bundle for another specific version without changing the standard setup, you can:
 # - use the VERSION as arg of the bundle target (e.g make bundle VERSION=0.0.2)
 # - use environment variables to overwrite this value (e.g export VERSION=0.0.2)
-VERSION ?= 2.21.0
+VERSION ?= 2.23.0
 # IMAGE_TAG_BASE defines the opendatahub.io namespace and part of the image name for remote images.
 # This variable is used to construct full image tags for bundle and catalog images.
 #
diff --git a/bundle/manifests/opendatahub-operator.clusterserviceversion.yaml b/bundle/manifests/opendatahub-operator.clusterserviceversion.yaml
index fa61b6093e7..c0096a237a2 100644
--- a/bundle/manifests/opendatahub-operator.clusterserviceversion.yaml
+++ b/bundle/manifests/opendatahub-operator.clusterserviceversion.yaml
@@ -105,9 +105,9 @@ metadata:
     capabilities: Full Lifecycle
     categories: AI/Machine Learning, Big Data
     certified: "False"
-    containerImage: quay.io/opendatahub/opendatahub-operator:v2.21.0
-    createdAt: "2025-01-02T20:06:57Z"
-    olm.skipRange: '>=1.0.0 <2.21.0'
+    containerImage: quay.io/opendatahub/opendatahub-operator:v2.23.0
+    createdAt: "2025-01-22T10:01:56Z"
+    olm.skipRange: '>=1.0.0 <2.23.0'
     operators.operatorframework.io/builder: operator-sdk-v1.31.0
     operators.operatorframework.io/internal-objects: '["featuretrackers.features.opendatahub.io",
       "codeflares.components.platform.opendatahub.io", "dashboards.components.platform.opendatahub.io",
@@ -118,7 +118,7 @@ metadata:
       "monitorings.services.platform.opendatahub.io","modelcontrollers.components.platform.opendatahub.io"]'
     operators.operatorframework.io/project_layout: go.kubebuilder.io/v3
     repository: https://github.com/opendatahub-io/opendatahub-operator
-  name: opendatahub-operator.v2.21.0
+  name: opendatahub-operator.v2.23.0
   namespace: placeholder
 spec:
   apiservicedefinitions: {}
@@ -1367,7 +1367,7 @@ spec:
   selector:
     matchLabels:
       component: opendatahub-operator
-  version: 2.21.0
+  version: 2.23.0
   webhookdefinitions:
   - admissionReviewVersions:
     - v1
diff --git a/config/manifests/bases/opendatahub-operator.clusterserviceversion.yaml b/config/manifests/bases/opendatahub-operator.clusterserviceversion.yaml
index 91a28f1d034..d65aab3b16e 100644
--- a/config/manifests/bases/opendatahub-operator.clusterserviceversion.yaml
+++ b/config/manifests/bases/opendatahub-operator.clusterserviceversion.yaml
@@ -6,9 +6,9 @@ metadata:
     capabilities: Full Lifecycle
     categories: AI/Machine Learning, Big Data
     certified: "False"
-    containerImage: quay.io/opendatahub/opendatahub-operator:v2.21.0
-    createdAt: "2024-11-18T00:00:00Z"
-    olm.skipRange: '>=1.0.0 <2.21.0'
+    containerImage: quay.io/opendatahub/opendatahub-operator:v2.23.0
+    createdAt: "2025-1-22T00:00:00Z"
+    olm.skipRange: '>=1.0.0 <2.23.0'
     operators.operatorframework.io/internal-objects: '["featuretrackers.features.opendatahub.io",
       "codeflares.components.platform.opendatahub.io", "dashboards.components.platform.opendatahub.io",
       "datasciencepipelines.components.platform.opendatahub.io", "kserves.components.platform.opendatahub.io",
@@ -17,7 +17,7 @@ metadata:
       "trainingoperators.components.platform.opendatahub.io", "trustyais.components.platform.opendatahub.io",  "workbenches.components.platform.opendatahub.io",
       "monitorings.services.platform.opendatahub.io","modelcontrollers.components.platform.opendatahub.io"]'
     repository: https://github.com/opendatahub-io/opendatahub-operator
-  name: opendatahub-operator.v2.21.0
+  name: opendatahub-operator.v2.23.0
   namespace: placeholder
 spec:
   apiservicedefinitions: {}
@@ -179,4 +179,4 @@ spec:
   selector:
     matchLabels:
       component: opendatahub-operator
-  version: 2.21.0
+  version: 2.23.0