The mechanical properties of rocks in cold regions undergo significant changes as a result of decades of freeze‒thaw cycles with seasonal variations, which can lead to a series of geological disasters, such as collapse. This study investigates the evolution of the mechanical characteristics and internal progressive damage characteristics of mixed granite under freeze‒thaw cycling and axial loading. By measuring the mass, wave velocity, and uniaxial compressive strength of rock samples and combining these metrics with acoustic emission (AE) characteristics, the physical and mechanical properties and microfracture development of mixed granite after different numbers of freeze‒thaw cycles were investigated. The results indicate that as the number of freeze‒thaw cycles increases, the longitudinal wave velocity, uniaxial compressive strength, and elastic modulus of the mixed granite decrease nonlinearly, while the peak strain gradually increases. Combined with the stress‒strain curve, the AE characteristics can be divided into four stages. As the number of freeze‒thaw cycles increases, the AE cumulative count decreases, and the AE counts of the four stages are different. The low-frequency-high-amplitude signals first increases and then tends to stabilize, and they only appeared in the third and fourth stages. At the same time, the proportion of the low-frequency ratio gradually increases, and the proportion of the high-frequency ratio decreases. In addition, based on the rise time/amplitude (RA) and average frequency (AF) characteristics and failure modes, it was found that the internal crack types of mixed granite transition from shear cracks to tensile cracks, among which tensile cracks play a crucial role in rock failure.