The invention provides a crack-resistant warm mortar and a preparing method thereof. The mortar is prepared from 5-8 parts of aluminum sulfate, 2-5 parts of alum, 15-19 parts of charcoal, 240-260 parts of perlite, 21-26 parts of pitchstone, 35-39 parts of obsidian, 31-42 parts of coal slime, 30-52 parts of coal ash, 4-6 parts of urea, 3-6 parts of monopotassium phosphate, 180-210 parts of cement, 41-53 parts of sepiolite fabric, 110-130 parts of grid, 41-52 parts of silica fume, 2-5 parts of dodecyl trimethyl ammonium chloride and 41-53 parts of bentonite. According to the crack-resistant warm mortar and the preparing method thereof, the mortar is good in adhesiveness, water-retaining property and heat preservation and insulation performance and remarkable in heat preservation and energy conservation effect; by the use of the sepiolite fabric, the mortar further has good crack-resistant performance, and is applicable to masonry and plastering construction of wall body material; by using auxiliary, compression and fracture resistant strength of the mortar is improved, and peaceability, anti-sagging property, thixotropy and anti-subsidence performance are improved.