The Hobbit MTG Spoilers: Every Card Revealed So Far

Magic: The Gathering is going back to Middle-earth, and this time we're starting at the very beginning. The Hobbit (set code HOB) got its first look at MagicCon Vegas back in May, and spoiler season officially kicked off with a dedicated panel at MagicCon Amsterdam this weekend — Smaug, two new Bilbos, Thorin, the Arkenstone, the trolls, and the return of one of Magic's most beloved mechanics.

Daily previews continue through the rest of July ahead of the set's August 14 release. If you want the full breakdown of release dates, products, and collector treatments, we've covered all of that in our Hobbit release date and products guide. This post is about the cards.

You can browse the full, always-updating card list on our Hobbit spoilers page.

The headline mechanic of The Hobbit is Adventure, returning from Throne of Eldraine. If you missed it the first time: an Adventure card has two halves on one card. You can cast the Adventure half (usually an instant or sorcery) first, exile the card, and then cast the creature or permanent half later from exile.

In The Hobbit, Adventures are doing narrative work. Each one packs a multi-part story beat from the novel onto a single card — Bilbo pulls off Bilbo, Luckwearer // Burglar's Plot before settling in as the creature half, and the Bag End dinner party plays out on An Unexpected Party // At the Door. It's a perfect mechanical fit for a book that is literally subtitled "There and Back Again."

Adventure is also just a great engine mechanic. Two spells on one card means built-in card advantage, and any deck that cares about casting spells from exile gets a fresh pile of toys.

Smaug the Magnificent is a mythic Legendary Dragon for four mana (two of it red) — a 4/3 with flying and haste that creates a Treasure token at the beginning of your upkeep, and whose attack trigger throws damage at any target equal to the number of Treasures you control.

He fuels his own fire: left unanswered, the hoard grows every turn. That's a Dragon that gets scarier the greedier you are, which is exactly how Smaug should play. After appearing only as a token in Tales of Middle-earth, the dragon finally gets a real card, and he's every bit the marquee mythic you'd expect.

Collectors, take note: Wizards is printing a Gleaming Gold version of Smaug limited to approximately 500 copies, found only in Collector Boosters. Expect that card to be one of the biggest chase pulls of 2026.

Bilbo, Thief in the Night is the burglar at mythic: a two-mana blue Legendary Halfling Rogue whose spells cast from anywhere other than your hand cost one less, and who lets you cast an artifact, instant, or sorcery from your graveyard whenever he attacks (instants and sorceries cast this way get exiled afterward). A two-mana legend that recurs your best spells every combat is going to draw a lot of attention from value players — and it's a flavor home run for the character who literally steals things while unseen.

Bilbo, Luckwearer gives us the same hobbit at uncommon as an Adventure card, so Halfling and small-creature strategies get support at multiple power levels.

Thorin, Mountain-king is a mythic Legendary Dwarf Noble built around Equipment — he cares about attaching Equipment to creatures as they enter. Dwarf players have been waiting years for a true typal payoff, and early chatter has Thorin pegged as one of the strongest Dwarf legends ever printed.

The Arkenstone is a mythic Legendary Artifact with a sorcery Adventure half, Seek the Heart — cast the Adventure first, then land the King's Jewel later. Its Book Cover treatment, which reframes the card as a classic Tolkien paperback, is already one of the most talked-about alternate arts in the set.

My Precious gives the Ring a new card as a Legendary Equipment with an instant-speed Adventure half, granting hexproof among other bonuses. Note that this is a new card, separate from The One Ring itself — the actual One Ring returns as a reprint elsewhere in the release, which we cover in our Hobbit Commander cards breakdown.

The reveals so far go deep on the rest of the story too:

• Tom, Bert, and William — the three trolls share one rare Legendary Troll card
• Gollum, Riddle Master — paired thematically with the new instant Riddles in the Dark
• Gandalf, Goblins' Bane — the wizard gets his own Adventure
• Bard the Bowman and Bard, King of Dale — the dragonslayer at two points in his story
• Thranduil, the Elvenking (a Sultai elf commander) and Elrond, Moon-Reader
• Sting, Bilbo's Sword, The Lonely Mountain, The Eagles Are Coming!, Desolation of Smaug, Thorin Oakenshield, and dwarves like Bifur, Melodic Rider
• On the villain side: Bolg of the North, The Chief Warg, and Supper for Spiders for the Mirkwood arachnophobes

The wave so far delivers the set's headliners in one drop: Smaug the Magnificent as a Treasure-fueled Dragon, Bilbo at both mythic and uncommon, Thorin, Mountain-king as a long-awaited Dwarf payoff, The Arkenstone as a legendary chase mythic, and Adventure confirmed as the set's returning mechanic. Daily previews run through July, so keep our spoilers page bookmarked — new cards land there as they're revealed, and you can start brewing with them immediately in the deck builder. We'll see you at the Lonely Mountain.