Hello, thank you for reaching out to Microsoft Q&A.
You may encounter this issue if the NGC folder is corrupted.
This is the folder where Windows stores encrypted keys, including your Windows Hello PIN. If the folder becomes corrupted or damaged, you may experience this problem. To resolve it, first take ownership of the NGC folder, then delete its contents and reset your PIN.
To do that,
Open a Command Prompt (Administrator) Window. Run these commands one by one and click Enter for each command.
takeown /f "C:\Windows\ServiceProfiles\LocalService\AppData\Local\Microsoft\Ngc" /r /d y
icacls "C:\Windows\ServiceProfiles\LocalService\AppData\Local\Microsoft\Ngc" /grant Administrators:F /t
rd /s /q "C:\Windows\ServiceProfiles\LocalService\AppData\Local\Microsoft\Ngc"
Once completed,
Go to Settings > Accounts > Windows Hello PIN > click 'Remove'.
Once removed, you can add a new PIN and restart your computer.
See if you are facing the same problem again after the restart.