I have a supermicro server, that stops at boot, with the msg SYSTEM INITIALIZING with BA code at the right.
Most of the time, the “BA” postcode is memory related. You can check with just 2 memory modules in slot 1a, and the first memory slot on the second cpu. When you issue is gone in this setup,you can add memory 1 by 1 then you can check which dimm module or dimm slot gives the issue.