diff --git a/.github/workflows/build.yaml b/.github/workflows/build.yaml
index f4ae15c4..f756b40d 100644
--- a/.github/workflows/build.yaml
+++ b/.github/workflows/build.yaml
@@ -23,9 +23,9 @@ on:
 
 env:
   OPERATOR_NAME: "hbase-operator"
-  RUST_NIGHTLY_TOOLCHAIN_VERSION: "nightly-2026-07-01"
+  RUST_NIGHTLY_TOOLCHAIN_VERSION: "nightly-2026-08-23"
   NIX_PKG_MANAGER_VERSION: "2.33.3"
-  RUST_TOOLCHAIN_VERSION: "1.95.0"
+  RUST_TOOLCHAIN_VERSION: "1.97.1"
   HADOLINT_VERSION: "v2.14.0"
   PYTHON_VERSION: "3.14"
   CARGO_TERM_COLOR: always
diff --git a/.github/workflows/pr_prek.yaml b/.github/workflows/pr_prek.yaml
index 30cc7b93..236005ec 100644
--- a/.github/workflows/pr_prek.yaml
+++ b/.github/workflows/pr_prek.yaml
@@ -10,7 +10,7 @@ permissions: {}
 env:
   CARGO_TERM_COLOR: always
   NIX_PKG_MANAGER_VERSION: "2.33.3"
-  RUST_TOOLCHAIN_VERSION: "nightly-2026-07-01"
+  RUST_TOOLCHAIN_VERSION: "nightly-2026-08-23"
   HADOLINT_VERSION: "v2.14.0"
   JINJA2_CLI_VERSION: "1.0.0"
 
diff --git a/.pre-commit-config.yaml b/.pre-commit-config.yaml
index 15f4e2ed..6f833118 100644
--- a/.pre-commit-config.yaml
+++ b/.pre-commit-config.yaml
@@ -109,7 +109,7 @@ repos:
       - id: cargo-rustfmt
         name: cargo-rustfmt
         language: system
-        entry: cargo +nightly-2026-07-01 fmt --all -- --check
+        entry: cargo +nightly-2026-08-23 fmt --all -- --check
         stages: [pre-commit, pre-merge-commit]
         pass_filenames: false
         files: \.rs$
diff --git a/.vscode/settings.json b/.vscode/settings.json
index bb5c7580..4f962007 100644
--- a/.vscode/settings.json
+++ b/.vscode/settings.json
@@ -1,7 +1,7 @@
 {
     "rust-analyzer.rustfmt.overrideCommand": [
         "rustfmt",
-        "+nightly-2026-07-01",
+        "+nightly-2026-08-23",
         "--edition",
         "2024",
         "--"
diff --git a/rust-toolchain.toml b/rust-toolchain.toml
index 4619553c..ac2fc556 100644
--- a/rust-toolchain.toml
+++ b/rust-toolchain.toml
@@ -1,4 +1,4 @@
 # DO NOT EDIT, this file is generated by operator-templating
 [toolchain]
-channel = "1.95.0"
+channel = "1.97.1"
 profile = "default"