Manufacturing of mycelium-based composites is an emerging biorefinery technology toward the development of environmentally positive materials within the circular economy: it benefits from waste and industrial by-products upcycling while excelling in biodegradability. This study investigates the compressive behavior of materials repurposed from local agricultural wastes (tree nuts and crop wastes in California’s Central Valley), using the fungal mycelium of Pleurotus ostreatus and Ganoderma lucidum, well-known edible and medicinal species. We also explore the hybridization of these mycelium-based composites with local textile waste fibers as reinforcements. Following guidelines from several ASTM standards, the compressive behavior of these composites is analyzed to determine the impact of biomass processing, composition, fungal species used, and post-processing strategy. We propose a post-processing strategy based on a short exposure to sodium chloride solutions in ambient conditions, to de-activate mycelium and prevent its fruiting, replacing the established energy-intensive heat-based post-processing. This work aims at contributing to the decarbonization of the built environment and the construction industry in particular, through materials designed with upcycled waste (agricultural and textile), fungal mycelium and low-carbon footprint processes.