While sending the registry pull secret to the configure-coreos initcontainer in CBO, the pull secret is sent as a plain text string. The ironic image expects the string to be in base64.
Since the problem described in this bug report should be resolved in a recent advisory, it has been closed with a resolution of ERRATA. For information on the advisory (Moderate: OpenShift Container Platform 4.9.0 bug fix and security update), and where to find the updated files, follow the link below. If the solution does not work for you, open a new bug report. https://access.redhat.com/errata/RHSA-2021:3759