The invention discloses a tungsten-based plasma facing material and a preparation method thereof. The preparation method comprises the following steps: uniformly mixing tungsten powder and tungsten fiber by a powder mixing method which does not damage the tungsten fiber; and sintering to prepare a bulk fiber toughened tungsten-based material by a hot isostatic pressing process. The tungsten powder is one of pure tungsten powder, tungsten-rhenium alloy powder, and tungsten powder doped with carbide and oxide; and the tungsten fiber is a pure tungsten wire, a tungsten-rhenium alloy wire or the like. The tungsten-based plasma facing material has the advantages of high thermal conductivity, high melting point temperature, low sputtering yield, low hydrogen isotope retention and low vapor pressure, as well as low cost and greater toughness.