"A board that displays the most important information from the latest Miner's Haven update. Useful to have down on your base at all times."
The Update Board is a Collectible-tier utility item introduced in the Golden Clover Event. The Update Board informs users about new changes in Miner's Haven rather than giving them a GUI explaining the update, once you close out of the GUI you cant get it back.
There were many players that would close out of the update GUI due to impatience and not know what changes were introduced in the update. For newcomers, the Update Board is already placed on the base along with your default setup.