I'm having similar issues. Host PC appears "online", but upon connecting, it unsuccessfully cycles through multiple attempts.
Log similar to OP post:
13-03-2023__12:37:06__969 InetConnection #880281. Socket error. Name: "NAME#", host: "HOST#". Exception class: "EIdReadTimeout". Message: "Read timed out.".
13-03-2023__12:37:06__969 Connection #880281. Connection to "NAME#" failed. Mode: <Authorization>.
13-03-2023__12:37:06__969 Context #880281 removed. Mode: <Authorization>.