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You selected the issue: Firmware update failed

You should always let pending firmware updates fully complete after being started. It is important to never unplug your Vive components or interrupt a firmware update in progress.

Troubleshooting:
Reset USB devices
  1. Unplug all Link Box cables from your PC
  2. From your host computer, go to SteamVR > Settings > Developer. Make sure the Developer Settings checkbox is checked
  3. Click on Remove all SteamVR USB Devices. Make sure the Link Box's USB cable is not plugged in and click Yes
  4. Once this is complete, quit SteamVR, plug your Link Box in (USB, HDMI, Power), and re-launch SteamVR