The simultaneous firing characteristics of woodchips and spent mushroom substrates (SMS) were studied in a stoker-type industrial boiler. The type of spent substrate intended for combustion consisted of oyster mushrooms. SMS from mushroom farms generally have a high water content. Dryers are therefore used for combustion. The moisture content of SMS was reduced to achieve low moisture to combust sufficiently at about 20%. First, the basic characteristics of the boiler were confirmed by conducting a woodchip combustion test under various operating loads of 30, 50, 70, and 100%. Thereafter, a simultaneous combustion test of woodchips and SMS was performed. During the experiment, exhaust gas concentrations in the boiler combustion chamber were measured, such as the temperature of oxygen (O2), carbon monoxide (CO), and nitrogen oxides (NOx). In addition, industrial and basic analyses were performed on woodchips and SMS. The main differences in the fuel analysis results between woodchips and SMS were ash, nitrogen, sulfur content and net calorific value. According to the analysis, the nitrogen content of SMS was 2.6%, which was 8.7 times higher than that of woodchips, and the ash content was also 14.8%, which was 18.5 times that of woodchips. As a result of the combustion experiment, the woodchip experiment revealed that the values of O2 and CO decreased and the combustion chamber temperature increased as the amount of fuel increased. Due to higher combustion temperature, thermal NOx also increased. When comparing this combustion test with the co-firing test, there was no significant difference in O2, CO, and combustion chamber temperature. However, with regard to the NOx value, the results showed a sharp increase from 64 ppm to 135 ppm. Although the NOx value increased, SMS had enough heat to be burned as fuel. Therefore, the utility of various agricultural byproducts as fuel has prospects for achieving an effective approach to energy cost reduction.