In a large pot, bring the water and mushrooms to a boil. Reduce to a simmer and simmer for about 2 hours.
Remove the mushrooms and strain the liquid through a cheese cloth (if desired).
Place the chai tea leaves in a tea bag or infuser and place in a cup. Pour about 1 cup of the hot mushroom liquid over the tea and steep for about 5 to 10 minutes. If desired and going the traditional chai tea route, add a quarter to half a cup of warm soymilk to the tea. Enjoy hot.
Notes
Any remaining mushroom liquid can be stored in the refrigerator for 2 to 3 days.