The invention discloses a mushroom cultivating material which is characterized in that bamboo sawdust, bamboo shells and biogas residues are used as raw materials, and the water content of the cultivating material is 62-65%. The invention also provides a manufacturing method of the cultivating material. Compared with the prior art, the mushroom cultivating material has the advantages that firstly, the cultivating material is reasonable in proportion, and a fungous material keeps certain air permeability, so that the growth speed of mycelia is increased, and the sackful time is shortened; secondly, bamboo sawdust particles are hard in texture and resistant to decomposition, and the biogas residues contains comprehensive nutrients including nitrogen, phosphorus and potassium, so that the growth of mushroom is promoted, the yield of a product is increased, and the quality of the product is improved; and thirdly, wood is replaced with bamboos and bran is replaced with the biogas residues, so that the source of a cultivating raw material is widened, and the production cost is reduced. The mushroom cultivating material has the social benefits that wood dust is replaced with the bamboo sawdust and the bamboo shells, so that part of contradiction between a fungus and forestry can be alleviated, waste materials can be changed into things of value, and energy conservation and emission reduction can be favorably realized.