Hot dry rock (HDR) is a significant contingent as a thermal energy source. Due to its low permeability, considerable depth, high temperature (150–650 °C), and high pressure, the stimulation of HDR is challenging. This research work aims to examine the efficacy of cryogenic fracturing on HDR. We performed fracture toughness and indirect tensile stress (Brazilian tests) on granite specimens with three different initial temperatures before exposure to liquid nitrogen (LN2). Fracture toughness tests were implemented on semicircular bend (SCB) specimens containing a pure mode-I fracture, and Brazilian tests were performed with discs. The experimental outcomes show that, overall, both critical load in Brazilian tests and the fracture toughness of LN2-treated specimens of granites both diminished with increasing initial temperature. When the initial temperature exceeded 300 °C (in this instance, 500 °C), the amplitude of thermally induced fractures in granite moderately increased after LN2 treatment, secondary fractures prolonged, and the plastic characteristics increased. Moreover, permeability measurements indicated amelioration with elevated temperatures and subsequent LN2 exposure. SEM analysis showed that an increase in initial temperatures along with LN2 treatment led to further intensified granite microdamage while the quantity and the magnitude of thermal fractures augmented.