I've had exactly the same issue for at least a month.
Steam client version (build number or date): 1.0.0.87-1
Distribution (e.g. Ubuntu): Arch
Opted into Steam client beta?: Yes
Have you checked for system updates?: Yes
GPU: Nvidia GTX 1070
Have tried deleting all Steam files and doing a clean reinstall.
Nothing extracted yet.
Your system information
console-linux.txt
Please describe your issue in as much detail as possible:
Running steam in any way (through icon/CLI/ETC) will start loading the app, and partway through the update, it hangs (as in logging stops, it stops downloading the update, and I have to kill the process).
Steps for reproducing this issue: