Baremetal IPI installation faills and workers are not being deployed

Issue

Installation with openshift-baremetal-install fails with various cluster operators degraded, e.g.:

NAME                                       VERSION   AVAILABLE   PROGRESSING   DEGRADED   SINCE   MESSAGE
authentication                             4.11.13   False       False         True       40m     OAuthServerRouteEndpointAccessibleControllerAvailable: failed to retrieve route from cache: route.route.openshift.io "oauth-openshift" not found...
console                                    4.11.13   False       False         True       17m     RouteHealthAvailable: console route is not admitted
ingress                                              False       True          True       37m     The "default" ingress controller reports Available=False: IngressControllerUnavailable: One or more status conditions indicate unavailable: DeploymentAvailable=False (DeploymentUnavailable: The deployment has Available status condition set to False (reason: MinimumReplicasUnavailable) with message: Deployment does not have minimum availability.)
kube-controller-manager                    4.11.13   True        False         True       29m     GarbageCollectorDegraded: error fetching rules: Get "https://thanos-querier.openshift-monitoring.svc:9091/api/v1/rules": dial tcp: lookup thanos-querier.openshift-monitoring.svc on 172.30.0.10:53: no such host
monitoring                                           False       True          True       23m     Rollout of the monitoring stack failed and is degraded. Please investigate the degraded status error.

Workers are not being deployed and metal3 pod in openshift-machine-api has its init container in CrashLoopBackOff state:

NAME                                               READY   STATUS                  RESTARTS        AGE
pod/cluster-autoscaler-operator-6f47946d44-wgzqq   2/2     Running                 1 (86m ago)     118m
pod/cluster-baremetal-operator-577565485c-xtlns    2/2     Running                 0               118m
pod/machine-api-controllers-c946b6b78-rf8gm        7/7     Running                 0               84m
pod/machine-api-operator-5df8cd445c-7tsc5          2/2     Running                 0               118m
pod/metal3-6d79cc84f-cg4bw                         0/7     Init:CrashLoopBackOff   20 (3m6s ago)   88m
pod/metal3-image-cache-5mlr5                       1/1     Running                 0               84m
pod/metal3-image-cache-pgrsw                       1/1     Running                 0               84m
pod/metal3-image-cache-xprp9                       1/1     Running                 0               84m
pod/metal3-image-customization-7674dc5f65-4sg5g    1/1     Running                 0               84m