Due to the cold climate and low soil nutrient content, high-altitude mining areas are challenging to restore ecologically. Their poor nutrient content may be ameliorated by introducing specific microorganisms into the soil. This study aims to evaluate the effects of a highly efficient phosphate solubilizing bacterium MWP-1, Pseudomonas poae, on plant growth, soil nutrients in remedying the soil of the high-altitude Muli mining area in Qinghai Province, and analyze its impact on microbial communities through high-throughput sequencing soil microbial communities. The results showed that MWP-1 significantly increased the content of soil available phosphorus by >50%, soil organic matter and total nitrogen by >10%, and significantly increased the height, coverage, and aboveground biomass of vegetation by >40% in comparison with the control (p < 0.05). MWP-1 mainly affected the composition of the soil bacterial communities at the taxonomic level below the phylum. Its impact on soil fungal communities occurred at the phylum and below taxonomic levels. In addition, MWP-1 also significantly improved the diversity of soil bacterial and fungal communities (p < 0.05), and changed their functions. It also significantly altered the relative abundance of genes regulating phosphorus absorption and transport, inorganic phosphorus dissolution and organic phosphorus mineralization in the bacterial community (p < 0.05). It caused a significant increase in the relative abundance of the genes regulating nitrogen fixation and nitrification in nitrogen cycling (p < 0.05), but a significant decrease in the genes regulating phospholipase (p < 0.05). Although sequencing results indicated that Pseudomonas poae did not become the dominant species, its dissolved phosphorus elements can promote plant growth and development, enrich soil nutrient content, and affect the succession of microbial communities, enhance ecosystem stability, with an overall positive effect on soil remediation in the mining area.