Quantum mechanical and molecular dynamics simulations have been carried out on a series of anthracene‐o‐carborane derivatives (ANT‐H, ANT‐Ph, ANT‐Me and ANT‐TMS) with rare red‐light emission in the solid state. The simulation of the heating process of the crystals and further comparison of the molecular structures and excited‐state properties before and after heating help us to disclose the thermochromic behavior, that is, the red‐shift emission is caused by elongation of the C1−C2 bond in the carborane moiety after heating. Thus, we believe that the molecular structure in the crystal is severely affected by heating. Transformation of the molecular conformation appears in the ANT‐H crystal with increasing temperature. More specifically, the anthracene moiety moves from nearly parallel to the C1−C2 bond to nearly perpendicular, causing the short‐wavelength emission to disappear after heating. As for the aggregation‐induced emission phenomenon, the structures and photophysical properties were investigated comparatively in both the isolated and crystal states; the results suggested that the energy dissipation in crystal surroundings was greatly reduced through hindering structure relaxation from the excited to the ground state. We expect that discussion of the thermochromic behavior will provide a new analysis perspective for the molecular design of o‐carborane derivatives. When the heat is on: A series of anthracene‐o‐carborane derivatives with red‐light aggregation‐induced emission has been studied theoretically. The changes in bond length and dihedral angle result from alteration of the crystal stacking structure after heating, and the thermochromic behavior in crystal is ascribed to the elongation of bond length.