Well HashFast didn't design the system for redundant power supplies (it would require much higher output power supplies = higher cost) but pulling double load from one power supply won't necessary "bad things". It would cost more but if each power supply had sufficient capacity to handle the full load then the system could operate just fine on one. When both PSU are operating the load on each one will be half. If one shuts down the other will handle the full load. You gain redundancy, and higher efficiency at the expense of more power supply cost. If one PSU fails the other will run at 100% load until the first PSU is replaced.
Each board pulls about 300 watts over 2 PCIe 6-pin connectors. When one power supply dies, that board will start pulling 300 watts over a single 6-pin connector. How many power supplies cables can safely supply 300 continuous watts over a single 6-pin connector?