hi guys, i have the same problem with the vrm spinning with max revs. I have latest Feb 2020 Bios.
The solution here the same as previously stated. What works for me each time! is when I turn on the pc and it spins very high, I turn it OFF during the boot phase (screen should be at the bios stage).
Then I wait for around 10 seconds before turning it on again.
After that VRM fan is quiet again.
This method works each time for me.
definitevly a manufacturing defect from Evga. too many users are reporting this issue here. Bios fix might help?