I found this thread by googling "Ampeg SVT 7 Cutting Out". I've got a Rev C00 that I bought earlier this year. Never had any problems with it until this weekend, where it powered down (rebooted) about 15-20 times over 3 sets.
I play every weekend, doing 3 - 45 minute sets, and I run the amp at 12 o'clock on the gain and master. At this level, the compressor kicks in a little, but the clip light never comes on. Over the course of the night, the amp would randomly power down (green light goes off, then it goes through the power-up stages). Very annoying. Between sets I checked the IEC cable, connections were still good, power at the venue was strong (118-120V), nobody else on stage was having issues.
I'm running this with a 610HLE, I love the tone to death but this issue is concerning. Is this rebooting issue the same as what people have been experiencing in this thread?