In this paper, we consider the initial boundary value problem for a pseudo‐parabolic Kirchhoff equation with logarithmic nonlinearity. Using the potential well method, we obtain a threshold result of global existence and finite‐time blow‐up for the weak solutions with initial energy
. When the initial energy
, we find another criterion for the vanishing solution and blow‐up solution. We also establish the decay rate of the global solution and estimate the life span of the blow‐up solution. Meanwhile, we study the existence of the ground state solution to the corresponding stationary problem.