SPOKANE — Bitcoin mining host Giga Watt Inc. will pay more than $950,000 to settle a federal lawsuit brought by an investor in its under-construction bitcoin-mining facility in East Wenatchee.

The company agreed Jan. 19 to refund the original purchase price of investor tokens and equipment bought by New Orleans-based StormsMedia LLC, which paid bitcoin and Ether cryptocurrency then valued at $953,319 to buy into the project start. The deal settles StormsMedia's lawsuit filed Dec. 28 in U.S. District Court in Spokane.

The lawsuit…