Artificial ground freezing is an effective method for underground constructions in deep alluvium. To study the compressive strength of frozen soil under high ground pressure and high hydraulic pressure, it is necessary to understand the mechanical behaviour of ice that is formed under triaxial compressive stress. A low-temperature triaxial test system was developed and used to study both formation and deformation of columnar ice under hydrostatic pressure. Cylindrical ice specimens 125 mm in height and 61.8 mm in diameter were prepared and tested under constant strain rates. At a strain rate of 5 × 10−5 s−1, the peak axial stress showed a linear increase as the confining pressure increased from 2 to 30 MPa, while the peak deviatoric stress exhibited a slight decrease. At a confining pressure of 30 MPa, the peak deviatoric stress showed a logarithmic increase with the strain rate increasing from 5 × 10−6 to 5 × 10−4 s−1, and the failure strain nearly doubled. A power law relationship between the time to failure and the strain rate was also observed. In this study, each test consistently demonstrated a ductile failure mode, with a noticeable reduction in cracking as the confining pressure increased. Due to the effect of the high confining pressure, crack propagation was suppressed, and an apparent recrystallization after peak stress was observed.