The coal and gas outburst and rockburst coupling disaster is becoming increasingly serious due to deep mining. To clarify the mechanism inducing the outburst–rockburst coupling disaster, a true triaxial single-sided unloading mechanical test was conducted with the aid of a true triaxial solid–thermal–gas coupling test device, an industrial computed tomography (CT) system, and an acoustic emission system. Through this test, the mechanical characteristics, meso crushing characteristics, and acoustic characteristics in the disaster formation process were obtained. Additionally, the outburst–rockburst coupling instability disaster law was verified by numerical simulation. The results demonstrated that the stress unloading degree of the coal body was negatively correlated with the initial gas pressure in the outburst–rockburst coupling disaster. The time domain parameter count and energy of acoustic emission exhibited a “bimodal” distribution pattern in the instability stage. The rockburst would occur when the peak value was in a “low-count and high-energy” state, while coal and gas outburst would occur when the peak value was in a “high-count and low-energy” state. The meso slice revealed that gas degradation promoted the development of microcracks in the coal body, and the penetration of cracks resulted in the main cracks of structural instability during rockburst. The coal and gas outburst was mainly attributed to the “cross” shear failure pattern of the coal body. These research findings may lay a foundation for the effective prevention and control of outburst–rockburst coupling disasters.