[B4O5(OH)42−] is a representative borate anion with a double six‐membered ring structure, but there is limited knowledge about the hydrolysis mechanisms of [B4O5(OH)42−]. Density functional theory‐based calculations show that the tetraborate ion undergoes three‐step hydrolysis to form [B(OH)4−] and an ring intermediate, [B3O2(OH)6−]. Other new structures, such as linear trimer, branched tetraborate, analogous linear tetraborate, are observed, but they are not stable in neutral systems and change to ring structures. [B3O2(OH)6−] hydrolyzes to [B(OH)4−] and [B(OH)3] in the last two steps. The structure of borate anion and the coordination environment of the bridge oxygen atom control the hydrolysis process. [B4O5(OH)42−] always participates in the hydrolysis reaction, even with a decrease in concentration. [B3O3(OH)4−], [B(OH)4−], and [B(OH)3] have different roles in “water‐poor” and “water‐rich” zones. Concentration and pH of solution are the key factors that affect the distribution of borate ions.