I have a dedicated server that I rent - on it I run a bunch of different mods and have a lot of key combinations. It seems that some particular .bikey key combinations, when placed in the \keys folder of the server, prevent it from loading.
When you attempt to connect to the server (even if the mods the keys are for aren't loaded) it hangs before you ever get to choose a mission or anything. By trial and error I discovered the keys that were causing the issue (see attached .zip files). {F25311} {F25312} {F25313}