Fangtooth Black screen after boot

After updating to Fangtooth 25.04.0 from Electric Eel 24.10.2.2, everything works via GUI or SSH, but when I attach a screen, I have no video output … During boot, I loose the video right after selecting the boot option in Grub…

I tried to access via IPMI and the video briefly show up before cutting out, like every second (see attached gif).

When I select any older EE boot environment, everything is fine.
I even tried UEFI and Legacy bios fresh installation just to test, without any difference.

Any one else seen something like that ? I wonder if it has something to do with my hardware or if it’s actually a bug

IPMI

X9SCL-F
E3-1230 V2
32GB RAM ECC