Why OpenShift Virtualization installation is failing with error "healthz check failed"

Issue

• Installation of OpenShift Virtualization is failing with the below error in the hco-operator logs.

2021-12-10T00:22:31.735342118Z {"level":"info","ts":1639095751.7347567,"logger":"controller_hyperconverged","msg":"KubeVirt is not 'Available'","Request.Namespace":"openshift-cnv","Request.Name":"kubevirt-hyperconverged"}
2021-12-10T00:22:31.735342118Z {"level":"info","ts":1639095751.7347639,"logger":"controller_hyperconverged","msg":"KubeVirt is 'Progressing'","Request.Namespace":"openshift-cnv","Request.Name":"kubevirt-hyperconverged"}

• The virt-operator has got below messages.

2021-12-10T00:20:25.840391949Z {"component":"virt-operator","level":"info","msg":"Waiting on daemonset virt-handler to roll over to latest version","pos":"reconcile.go:319","timestamp":"2021-12-10T00:20:25.839998Z"}