I can report that I ran into the same issue. I'm using Ubuntu 16.04 LTS
and I got the blinking cursor in the upper left corner at the sd_crypt
password screen (although it's not a "black" screen, it's the standard
splash screen with password prompt).

If I disable the "splash" option in grub, I can enter my encryption
password at the prompt and see the normal login screen from then on, but
once booted into Ubuntu videos will play very slow/choppy, so it doesn't
work correctly. (This is with the default kernel, 4.4.0-45-generic.)

If I choose to boot with the 4.4.0-31-generic kernel, the graphics are
working normally from start to finish (sd_crypt screen, login screen,
etc. all work), so that seems to be an acceptable workaround for people
in the same situation as me.

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https://bugs.launchpad.net/bugs/1609242

Title:
  Kernels 4.3-4.8 result in blackscreen - Intel Ivybridge

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