Been thru a few firmware updates on my U1 now and the first one took me way longer than it should have, so here are the things I wish someone had told me before I started.
Format your USB stick as FAT32, don't just assume it alredy is. Some sticks come formatted in exFAT out of the box and the printer will just sit there pretending the file doesn't exist. Also drop the .bin file in the root of the drive, not inside a folder. That one cost me twenty minutes of confusion.
Back up your settings before you flash anything. Takes two minutes and saves you re-doing all your calibration offsets if something goes sideways. And once the update starts, leave it alone. The screen can look frozen for a while during the flash, that's normal. Don't yank the power because you got impatient, that's how people end up with a brick.
If the update fails the first time, try a diffrent USB stick before you panic. I've had one cheap stick that just whould not work no matter what I did, swapped it for an older one and it went through fine on the second attempt.