There are regulatory mechanisms that may prevent moderate hypoglycemia to progress to a more severe state, however these mechanisms act before lack of conciousness sets in. The progression of hypoglycemia may depend on overall health and medical status and vary between healthy and diabetic persons, for example.
Rosenthal et al. (1) write that
The brain is normally dependent on glucose for oxidative metabolism
and function. Acute iatrogenic hypoglycemia, occurring as a result of
insulin excess during the treatment of type 1 diabetes, can cause
clinically significant cognitive impairment. In health, such
hypoglycemic cognitive dysfunction does not occur. Endogenous
counterregulatory mechanisms are activated in response to a small
reduction in circulating glucose, preventing more profound
hypoglycemia. In diabetes, the inability to reduce circulating insulin
levels (1), the failure of glucagon responses (2), sometimes
accompanied by defective autonomic and adrenergic responses (3), can
allow plasma glucose levels to fall low enough to result in detectable
disturbance of cognitive function, ranging from a subtle slowing of
reaction times (3) to coma (4).
In short, the brain malfunctions due to lack of glucose (the sole energy source for the brain). Note that cognitive impairment and unconciousness can also occur in otherwise healthy persons, for example in the case of prolonged exercise combined with lack of nutrition. The exact cause of cortical dysfunction is not known:
Impairment of brain function is a recognized consequence of acute
hypoglycemia. It is known that different brain functions have
different susceptibilities to acute hypoglycemia; for example, the
triggering of autonomic activation, a hypothalamic function, occurs in
response to quite modest decrements in circulating glucose
concentrations (5,6,7), whereas significant cortical dysfunction
requires more profound glucose deprivation (3). Even within different
cortical functions, there is variation in hypoglycemia susceptibility
(26). The mechanisms of cortical dysfunction during hypoglycemia are
not known.