Macbook 16 Intel i9. Big Sur keep rebooting randomly due kernel panic

I've tried the usual troubleshooting steps (Reset NVRAM, SMC, Safe Boot), but still having the same issue.

Machine-check capabilities: 0x0000000000000c0e
 family: 6 model: 158 stepping: 13 microcode: 222
 signature: 0x906ed
 Intel(R) Core(TM) i9-9880H CPU @ 2.30GHz
 14 error-reporting banks
Processor 14: IA32_MCG_STATUS: 0x0000000000000005
 IA32_MC3_STATUS(0x40d): 0xfe0001c000200135
 IA32_MC3_ADDR(0x40e):   0x000000031555d940
 IA32_MC3_MISC(0x40f):   0x0000000000712485
Processor 15: IA32_MCG_STATUS: 0x0000000000000005
 IA32_MC3_STATUS(0x40d): 0xfe0001c000200135
 IA32_MC3_ADDR(0x40e):   0x000000031555d940
 IA32_MC3_MISC(0x40f):   0x0000000000712485
mp_kdp_enter() timed-out on cpu 6, NMI-ing
mp_kdp_enter() NMI pending on cpus: 0 1 2 3 4 5 7 8 9 10 11 12 13 14 15
mp_kdp_enter() timed-out during locked wait after NMI;expected 16 acks but received 1 after 10530998 loops in 1152000000 ticks
panic(cpu 6 caller 0xffffff80105edd19): "Machine Check at 0xffffff8010600af9, registers:\n" "CR0: 0x000000008001003b, CR2: 0x000000071ff57000, CR3: 0x0000000024595000, CR4: 0x00000000003626e0\n" "RAX: 0x0000000000000060, RBX: 0x0000000000000010, RCX: 0x0000000000000001, RDX: 0x0000000000000000\n" "RSP: 0xffffffb0dfe0bef0, RBP: 0xffffffb0dfe0bf20, RSI: 0xffffff80113df9c0, RDI: 0xffffff80112504b0\n" "R8:  0xffffffffffffffff, R9:  0x00000ca929217440, R10: 0x0000000000000001, R11: 0xffffff80112a5500\n" "R12: 0x0000000000000060, R13: 0x00000000006f6803, R14: 0x00003217bbbdb0e6, R15: 0x0000000000000006\n" "RFL: 0x0000000000000046, RIP: 0xffffff8010600af9, CS:  0x0000000000000008, SS:  0x0000000000000010\n" "Error code: 0x0000000000000000\n"@/AppleInternal/BuildRoot/Library/Caches/com.apple.xbs/Sources/xnu/xnu-7195.60.75/osfmk/i386/trap_native.c:168
Backtrace (CPU 6), Frame : Return Address
0xffffff80103592d0 : 0xffffff80104b9aed 
0xffffff8010359320 : 0xffffff80105fc6e3 
0xffffff8010359360 : 0xffffff80105ecd1a 
0xffffff80103593b0 : 0xffffff801045ea2f 
0xffffff80103593d0 : 0xffffff80104b938d 
0xffffff80103594f0 : 0xffffff80104b9678 
0xffffff8010359560 : 0xffffff8010cbe3ca 
0xffffff80103595d0 : 0xffffff80105edd19 
0xffffff80103596c0 : 0xffffff8010cbedf5 
0xffffff80103596d0 : 0xffffff801045f28f 
0xffffffb0dfe0bf20 : 0xffffff80105ef0a2 
0xffffffb0dfe0bf40 : 0xffffff80104e1119 
0xffffffb0dfe0bf80 : 0xffffff80104e12e8 
0xffffffb0dfe0bfa0 : 0xffffff801045e13e 

Process name corresponding to current thread: kernel_task
Boot args: chunklist-security-epoch=0 -chunklist-no-rev2-dev

Mac OS version:
20C69

Kernel version:
Darwin Kernel Version 20.2.0: Wed Dec  2 20:39:59 PST 2020; root:xnu-7195.60.75~1/RELEASE_X86_64
Kernel UUID: 82E2050C-5936-3D24-AD3B-EC4EC5C09E11
KernelCache slide: 0x0000000010200000
KernelCache base:  0xffffff8010400000
Kernel slide:      0x0000000010210000
Kernel text base:  0xffffff8010410000
__HIB  text base: 0xffffff8010300000
System model name: MacBookPro16,1 (Mac-E1008331FDC96864)
System shutdown begun: NO
Hibernation exit count: 0

System uptime in nanoseconds: 55078524125517
Last Sleep:           absolute           base_tsc          base_nano
  Uptime  : 0x00003217f7df4339
  Sleep   : 0x00001fc824de0b9c 0x0001511e632081ac 0x00001fbbe89eecb1
  Wake    : 0x00001fc85705d325 0x00015161c1458b0a 0x00001fc83630eb50
last started kext at 34762785588182: >usb.IOUSBHostHIDDevice    1.2 (addr 0xffffff80133ad000, size 40960)
last stopped kext at 35175968802359: >usb.!UUserHCI 1 (addr 0xffffff7fb0d9d000, size 98304)
loaded kexts:
>!ATopCaseHIDEventDriver    4020.6
>!AHIDALSService    1
>AGPM   119
>!APlatformEnabler  2.7.0d0
>X86PlatformShim    1.0.0
@filesystems.autofs 3.0
@fileutil   20.036.15
@kext.AMDRadeonX6000    4.0.2
@kext.AMDRadeonServiceManager   4.0.2
>!AUpstreamUserClient   3.6.8
>!AGraphicsDevicePolicy 6.2.2
@AGDCPluginDisplayMetrics   6.2.2
>pmtelemetry    1
>LuaHardwareAccess  1.0.16
|IOUserEthernet 1.0.1
>!AMuxControl2  6.2.2
>!A!IKBLGraphics    16.0.1
>!ABridgeAudio!C    100.2
|IO!BSerialManager  8.0.2f9
@Dont_Steal_Mac_OS_X    7.0.0
>!AHV   1
>!ADiskImages2  1
>!A!ISlowAdaptiveClocking   4.0.0
>!AGFXHDA   100.1.431
>!A!ICFLGraphicsFramebuffer 16.0.1
>BridgeAudioCommunication   100.2
>AGDCBacklightControl   6.2.2
>!AThunderboltIP    4.0.3
>!A!IPCHPMC 2.0.1
>!AMCCSControl  1.14
>!AAVEBridge    6.1
>BCMWLANFirmware4378.Hashstore  1
>BCMWLANFirmware4377.Hashstore  1
>BCMWLANFirmware4364.Hashstore  1
>BCMWLANFirmware4355.Hashstore  1
>!ABCMWLANBusInterfacePCIeMac   1
@filesystems.tmpfs  1
@filesystems.hfs.kext   556.60.1
@BootCache  40
@!AFSCompression.!AFSCompressionTypeZlib    1.0.0
@!AFSCompression.!AFSCompressionTypeDataless    1.0.0d1
@filesystems.apfs   1677.60.23
@private.KextAudit  1.0
>!ASmartBatteryManager  161.0.0
>!AACPIButtons  6.1
>!ASMBIOS   2.1
>!AACPIEC   6.1
>!AAPIC 1.7
@!ASystemPolicy 2.0.0
@nke.applicationfirewall    310
|IOKitRegistryCompatibility 1
|EndpointSecurity   1
@nke.ppp    1.9
>!AActuatorDriver   4400.28
>!AHIDKeyboard  222
>!AMultitouchDriver 4400.28
>!AInputDeviceSupport   4400.35
>!AHS!BDriver   4020.6
>IO!BHIDDriver  8.0.2f9
@kext.triggers  1.0
@kext.AMDRadeonX6100HWLibs  1.0
>!AGraphicsControl  6.2.2
|IOAVB!F    900.12
@!AGPUWrangler  6.2.2
|IOSlowAdaptiveClocking!F   1.0.0
@plugin.IOgPTPPlugin    900.11
|IOEthernetAVB!C    1.1.0
@kext.AMDRadeonX6000Framebuffer 4.0.2
@kext.AMDSupport    4.0.2
|IOAudio!F  300.6.1
@vecLib.kext    1.2.0
>X86PlatformPlugin  1.0.0
|IOAccelerator!F2   439.52
|IO!BHost!CUARTTransport    8.0.2f9
|IO!BHost!CTransport    8.0.2f9
>!A!ILpssUARTv1 3.0.60
>!A!ILpssUARTCommon 3.0.60
>!AOnboardSerial    1.0
@!AGraphicsDeviceControl    6.2.2
>IOPlatformPlugin!F 6.0.0d8
>!ABacklightExpert  1.1.0
|IONDRVSupport  585
>!ASMBus!C  1.0.18d1
@kext.AMDRadeonX6000HWServices  4.0.2
|IOGraphics!F   585
>usb.cdc.ncm    5.0.0
>usb.cdc    5.0.0
>usb.networking 5.0.0
>usb.!UHostCompositeDevice  1.2
>!ABCMWLANCoreMac   1.0.0
|IOSerial!F 11
|IO80211!FV2    1200.12.2b1
>IOImageLoader  1.0.0
>corecapture    1.0.4
>!AThunderboltPCIDownAdapter    4.1.1
>!AThunderboltDPInAdapter   8.1.4
>!AThunderboltDPAdapter!F   8.1.4
>!AHPM  3.4.4
>!A!ILpssI2C!C  3.0.60
>!A!ILpssI2C    3.0.60
>!A!ILpssDmac   3.0.60
>!ABSDKextStarter   3
|IOSurface  289.3
|IOSkywalk!F    1
>mDNSOffloadUserClient  1.0.1b8
@filesystems.hfs.encodings.kext 1
>usb.!UVHCIBCE  1.2
>usb.!UVHCICommonBCE    1.0
>usb.!UVHCI 1.2
>usb.!UVHCICommon   1.0
>!AEffaceableNOR    1.0
|IOBufferCopy!C 1.1.0
|IOBufferCopyEngine!F   1
|IONVMe!F   2.1.0
>!AThunderboltNHI   7.2.8
|IOThunderbolt!F    9.3.2
|IOUSB!F    900.4.2
>usb.!UXHCIPCI  1.2
>usb.!UXHCI 1.2
>!AEFINVRAM 2.1
>!AEFIRuntime   2.1
>!ASMCRTC   1.0
|IOSMBus!F  1.1
|IOHID!F    2.0.0
$!AImage4   3.0.0
|IOTimeSync!F   900.11
|IONetworking!F 3.4
>DiskImages 493.0.0
|IO!B!F 8.0.2f9
|IOReport!F 47
|IO!BPacketLogger   8.0.2f9
$quarantine 4
$sandbox    300.0
@kext.!AMatch   1.0.0d1
|CoreAnalytics!F    1
>!ASSE  1.0
>!AKeyStore 2
>!UTDM  511.60.2
|IOUSBMass!SDriver  184.40.6
|IOSCSIBlockCommandsDevice  436.40.6
|IO!S!F 2.1
|IOSCSIArchitectureModel!F  436.40.6
>!AMobileFileIntegrity  1.0.5
@kext.CoreTrust 1
>!AFDEKeyStore  28.30
>!AEffaceable!S 1.0
>!ACredentialManager    1.0
>KernelRelayHost    1
|IOUSBHost!F    1.2
>!UHostMergeProperties  1.2
>usb.!UCommon   1.0
>!ABusPower!C   1.0
>!ASEPManager   1.0.1
>IOSlaveProcessor   1
>!AACPIPlatform 6.1
>!ASMC  3.1.9
|IOPCI!F    2.9
|IOACPI!F   1.4
>watchdog   1
@kec.pthread    1
@kec.corecrypto 11.1
@kec.Libm   1