Quote from
https://wiki.archlinux.org/index.php/Pa ... he_keyring:
For this initialization, entropy is required. Moving your mouse around, pressing random characters at the keyboard or running some disk-based activity (for example in another console running ls -R / or find / -name foo) should generate entropy. If your system does not already have sufficient entropy, this step may take hours; if you actively generate entropy, it will complete much more quickly.
The randomness created is used to set up a keyring (/etc/pacman.d/gnupg) and the GPG signing key of your system.
If you do not have a backup image prior to this upgrade and your installation is fresh, perhaps the easiest way is to start again with the latest image release (13 June, quite old I am afraid). I tend to create an SD card image prior to a system upgrade just in case anything goes wrong. If it does, I revert and upgrade package by package and if appropriate submit a bug report on the failing one.