Today is public holiday so I had a little bit of time to check some things. I today needed to reboot several times with the reboot button, before the system came up. The serial console stopped always at "Starting kernel ..."
The system LED stays blue, the hard disks spin up and each LED flashes a few times, then all attached disks flash together 5-6 times. Then all HDD LEDs stay blue. The LAN LED does not show up.
When pressing the reboot button the console instantly outputs some messages, and the new boot sequence starts. Then again all LEDs stay blue and nothing happens (at "Starting kernel ...").
In the log itself there are a few messages that I think are not relevant, but I'll attach them here: