<?xml version="1.0" encoding="UTF-8"?><edgarSubmission xmlns="http://www.sec.gov/edgar/schedule13g" xmlns:com="http://www.sec.gov/edgar/common">
  <schemaVersion>X0202</schemaVersion>
<headerData>
    <submissionType>SCHEDULE 13G</submissionType>
    <filerInfo>
      <filer>
        <filerCredentials>
          <cik>0002144450</cik>
          <ccc>XXXXXXXX</ccc>
        </filerCredentials>
      </filer>
      <liveTestFlag>LIVE</liveTestFlag>



    </filerInfo>
  </headerData>
  <formData>
    <coverPageHeader>
      <securitiesClassTitle>Common Stock, par value $0.01 per share</securitiesClassTitle>
      <eventDateRequiresFilingThisStatement>06/23/2026</eventDateRequiresFilingThisStatement>
      <issuerInfo>
        <issuerCik>0001162896</issuerCik>
        <issuerName>Prairie Operating Co.</issuerName>
        <issuerCusips>
          <issuerCusipNumber>739650109</issuerCusipNumber>
        </issuerCusips>
        <issuerPrincipalExecutiveOfficeAddress>
          <com:street1>55 WAUGH DRIVE</com:street1>
          <com:street2>SUITE 400</com:street2>
          <com:city>HOUSTON</com:city>
          <com:stateOrCountry>TX</com:stateOrCountry>
          <com:zipCode>77007</com:zipCode>
        </issuerPrincipalExecutiveOfficeAddress>
      </issuerInfo>
      <designateRulesPursuantThisScheduleFiled>
        <designateRulePursuantThisScheduleFiled>Rule 13d-1(c)</designateRulePursuantThisScheduleFiled>
      </designateRulesPursuantThisScheduleFiled>
    </coverPageHeader>
    <coverPageHeaderReportingPersonDetails>

      <reportingPersonName>PSM Holdings LLC</reportingPersonName>
      <citizenshipOrOrganization>DE</citizenshipOrOrganization>
      <reportingPersonBeneficiallyOwnedNumberOfShares>
        <soleVotingPower>8392740.00</soleVotingPower>
        <sharedVotingPower>0.00</sharedVotingPower>
        <soleDispositivePower>8392740.00</soleDispositivePower>
        <sharedDispositivePower>0.00</sharedDispositivePower>
      </reportingPersonBeneficiallyOwnedNumberOfShares>
      <reportingPersonBeneficiallyOwnedAggregateNumberOfShares>8392740.00</reportingPersonBeneficiallyOwnedAggregateNumberOfShares>
      <classPercent>8.6</classPercent>
      <typeOfReportingPerson>OO</typeOfReportingPerson>
      <comments>(1) PSM Holdings, LLC, a Delaware limited liability company ("PSM Holdings"), owns 8,392,740 shares of common stock, $0.01 par value per share ("Common Stock"), of Prairie Operating Co. (the "Issuer") at August 3, 2026.

(2) The percentage is the Reporting Person's best calculation using the 97,732,173 shares of Common Stock outstanding as of May 12, 2026 (as reported in the Quarterly Report of the Issuer on Form 10-Q filed with the SEC on May 14, 2026).</comments>
    </coverPageHeaderReportingPersonDetails>
    <items>
      <item1>
        <issuerName>Prairie Operating Co.</issuerName>
        <issuerPrincipalExecutiveOfficeAddress>55 WAUGH DRIVE, SUITE 400, HOUSTON, TEXAS, 77007.</issuerPrincipalExecutiveOfficeAddress>
      </item1>
      <item2>
        <filingPersonName>PSM Holdings LLC </filingPersonName>
        <principalBusinessOfficeOrResidenceAddress>5901 SW 74th Street, Suite 400 Miami, FL 33143</principalBusinessOfficeOrResidenceAddress>
        <citizenship>Delaware</citizenship>
      </item2>
      <item3>
        <notApplicableFlag>Y</notApplicableFlag>
      </item3>
      <item4>
        <amountBeneficiallyOwned>8,392,740</amountBeneficiallyOwned>
        <classPercent>8.6%</classPercent>
        <numberOfSharesPersonHas>
          <solePowerOrDirectToVote>8,392,740</solePowerOrDirectToVote>
          <sharedPowerOrDirectToVote>0</sharedPowerOrDirectToVote>
          <solePowerOrDirectToDispose>8,392,740</solePowerOrDirectToDispose>
          <sharedPowerOrDirectToDispose>0</sharedPowerOrDirectToDispose>
        </numberOfSharesPersonHas>
      </item4>
      <item5>
        <notApplicableFlag>Y</notApplicableFlag>
        <classOwnership5PercentOrLess>N</classOwnership5PercentOrLess>
      </item5>
      <item6>
        <notApplicableFlag>N</notApplicableFlag>
        <ownershipMoreThan5PercentOnBehalfOfAnotherPerson>The right to receive dividends from, or the proceeds from the sale of, all shares of Common Stock reported in this statement is being deemed to be beneficially owned by Mr. Edgar Anthony Martinez, the Managing Director and ultimate beneficial owner of the Reporting Person. </ownershipMoreThan5PercentOnBehalfOfAnotherPerson>
      </item6>
      <item7>
        <notApplicableFlag>Y</notApplicableFlag>
      </item7>
      <item8>
        <notApplicableFlag>Y</notApplicableFlag>
      </item8>
      <item9>
        <notApplicableFlag>Y</notApplicableFlag>
      </item9>
      <item10>
        <notApplicableFlag>N</notApplicableFlag>
        <certifications>By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect, other than activities solely in connection with a nomination under &amp;#167; 240.14a-11.

</certifications>
      </item10>
    </items>
    <signatureInformation>
      <reportingPersonName>PSM Holdings LLC</reportingPersonName>
      <signatureDetails>
        <signature>/s/ Edgar A. Martinez</signature>
        <title>Edgar A. Martinez, Managing Director</title>
        <date>08/04/2026</date>
      </signatureDetails>
    </signatureInformation>
  </formData>
</edgarSubmission>
