The invention relates to a culture medium, a cultivation medium and a cultivation method for Hypsizygus marmoreus liquid strain cultivation. The culture medium includes a PDA medium, a visual bottle medium, a shake flask medium and a fermenter medium, wherein the shake flask medium includes the following materials of glucose, yeast extract, monopotassium phosphate, magnesium sulfate, vitamin B, lignin powder and the water, the fermenter medium includes the following materials of soybean meal, corn flour, yeast extract, glucose, magnesium sulfate, monopotassium phosphate, defoamer, lignin powder and the water, and the culture medium includes the following materials of cottonseed hulls, wood chips, corn flour, soybean meal, bran, lime, gypsum powder and the water. The culture medium is advantaged in that the cultivation time of the Hypsizygus marmoreus can be shortened, the conversion rate of the culture medium is improved, cost is reduced, and the yield is improved.