I heard that new volume is updated with newer stuffs like data flow analysis, garbage collection, etc. Anyway the book doesn't teach you how to build a basic working compiler, so need to consult another materials.

Try Andrew Appel's "Modern Compiler implementation in Java/C/ML" or Writing a C Compiler (https://norasandler.com/book) which is much more recent.

Eventually, you'd want to hack GCC/LLVM because they are production-grade compilers.