Treating peat with nutrient-rich ash significantly increases the content of different nutrients in the substrate. Such ash treatment promotes the revegetation of abandoned extracted peatlands. The aim of this study is to analyze the effect of wood ash (WA15 = 15 t ha−1 and WA10 = 10 t ha−1), oil shale ash (OSA8 = 8 t ha−1), and a mixture of wood ash and oil shale ash (WA10 + OSA8) on the revegetation (vascular plants and bryophytes) of the Puhatu abandoned extracted peatland in NE Estonia. The following results were obtained: (1) The MRPP tests indicate that there are compositional differences between the treatments. (2) Altogether, 23 vascular plant and 3 bryophyte species were recorded in the treatment areas. (3) Nine years after these ash treatments, the highest mean vascular plant species richness was recorded for WA15 (3.8 ± 0.3) and the lowest for OSA8 (2.0 ± 0.3). (4) A greater number of vascular plant species was observed in the WA15 area. (5) Mixed ash and wood ash had a significant effect on the amount of biomass in vascular plants. Treating with either wood ash or a mixture of ash ensured the rapid formation of vascular plants and bryophyte layers, contributing to the restoration of the abandoned peatland ecosystem.