NSA325v2 problem (12 replies)

I have been using old Linux-4.4.0-kirkwood-tld-1 and now I wanted to update it.
I updated from 4.4.0 -> 4.10.9 which worked fine. When I updated it to linux-4.11.3-kirkwood-tld-2, It get stuck on: Uncompressing Linux... done, booting the kernel.

So then I made new USB with Linux-4.12.1-kirkwood-tld-1 but it won't boot. Same issue It get stuck on: Uncompressing Linux... done, booting the kernel.
What might be issue?

Attached boot logs from 4.4.0 and 4.12.1 and result of printenv

Thanks,