That looks like a normal serial console transcript for the second or subsequent startups after the brickfixV2 tool has been installed.
On the first startup when power-cycled after installation, the brickfixv2 tool drops the payload, initialises the stage reference file for the /dav/fixup.sh script, deactivates itself, and reboots into min-system mode so that the /dav/fixup.sh script can be run via a telnet session.
On subsequent startups it simply reboots straight into min-system mode, as your transcript shows.
At this point you should be able to telnet to the 192.0.0.64 address from the PC at 192.0.0.128 to a root shell and run /dav/fixup.sh
Alternatively, as you have the serial console available, you should be able to see the '#' prompt if you press Return a couple of times, and run the /dav/fixup.sh script from there.
In either case - the Hikvision
tftp updater should be closed, and the normal tftp server such as tftpd32.exe should be running, with the PC IP address set to 192.0.0.128