The invention discloses alkali-activated regenerated micro-powder foam concrete and a preparation method thereof.The foam concrete is prepared from, by mass, 50-70 parts of regenerated micro-powder, 10-30 parts of granulated blast-furnace slag powder, 10-20 parts of fly ash, 1-3 parts of gypsum, 50-80 parts of water, 4-8 parts of an activator, 1.0-2.0 parts of a foaming agent and 0.1-0.2 parts ofa foam stabilizer. The regenerated micro-powder is ground, the ground micro-powder is uniformly mixed with the granulated blast furnace slag powder, the fly ash and the gypsum, and excitation and foaming molding are carried out through the alkaline activator to prepare the alkali-activated foam concrete taking the regenerated micro-powder as a raw material. According to the solid waste resource utilization requirement, a large amount of fine powder collected in the air separation process in the waste concrete crushing process is utilized, and the utilization rate of the construction waste is effectively increased. Meanwhile, compared with common foam concrete, the alkali-activated foam concrete taking the regenerated micro-powder as the main raw material has the characteristics of low cost(no cement), high setting speed, high early strength, good thermal insulation property and the like.