The invention discloses a cold upsetting die and a machining technology thereof. The cold upsetting die comprises a shell and an inner die; the shell comprises a die shell, a ladder hole penetrating the two end faces of the die shell is formed in the die shell, a conical segment is arranged at the small end of the ladder hole, the conical segment is located on the upper surface of the die shell, the large end of the ladder hole is located on the lower surface of the die shell, the inner die comprises a conical reinforcing ring matched with the inner wall of the conical segment, an inner die core is arranged in the reinforcing ring, an axial cutting opening penetrating the inner surface and the outer surface of the reinforcing ring is formed in the side face of the reinforcing ring, an inner die back pad abutting against the lower end of the inner die is arranged in the position, below the inner die, in the ladder hole, a thread part in threaded connection with the shell is arranged below the inner die back pad, and the thread part abuts against the inner die back pad so as to enable the reinforcing ring to shrink and clamp the inner die core. The cold upsetting die can conveniently achieve detaching and assembling of the die core and die shell, meanwhile, the higher precision is achieved, the machining technology of the die can conveniently machine the components of the die, and the service life of the die is longer.