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Estimating clean seismic signals from noisy single‐channel records is a hot research topic in the field of microseismic data processing. Due to the existence of strong random noise, the signal‐to‐noise ratio of such data is low, presenting a challenge for signal restoration. In this paper, we propose a denoising method of microseismic data based on a single‐channel phase space reconstruction and independent component analysis algorithm. Specifically, we first apply the phase space reconstruction to transform the one‐dimensional seismic signal into a high‐dimensional phase space in which signal and noise have different trajectories. We then employ independent component analysis to the reconstructed data for noise separation. Experimental results on real microseismic data verify that our proposed denoising method is useful for noise suppression and can enhance the signal‐to‐noise ratio of data, which can be further used for signal identification and event positioning in microseismic monitoring. [ABSTRACT FROM AUTHOR]