For me, it seemingly goes to sleep (after the system is shutdown) and then won't wake up regardless of button mashing. I have to pull the power.For as long as I can remember, I've had a similar problem with one of my ATV, but it wakes up once I activate one of the buttons on its remote or my programmed Harmony remote.
It might be it goes to sleep, then after wake, can't get HDMI sync because it never comes out of the black screen. But pulling the HDMI cable doesn't fix it. It takes a reboot. (But that's not definitive because with the HDMI setup, there's a case where sync is lost and I have to disconnect the ethernet relay. But that's been a specific and rare occurrence with my HTPC.)